122 S Cedar Street, Glendale, CA 91205

About this property

*PRICE REDUCED by $550,000! *Charming Value-Add Opportunity: Over $800/Unit Rental Upside *Once in a Lifetime Opportunity: Legacy Property Owned by the Family for Over 40 Years *Walking Distance to the Americana at Brand & Glendale Galleria: WalkScore 95 *Priced To Sell at $250,000 Per Unit *Market Cap: 6.7% *Landlord Friendly City: Glendale's 7% Rent Ordinance Allows Higher Rent Increases Than the City of LA; Up to 8.8% Per State Law AB1482 *Glendale Is a Pro-Business City: Boasts No Gross Receipts or Business License Taxes *Not Subject to Mansion Tax * See Agent Remarks for Property Website. Rents shown in the OM rent roll are averages.

Listing description from the December 2023 sale, as reported to CRMLS.

Sale history

$2,450,000

Sold December 2023 · listed $3,000,000, orig. $3,550,000, on market August 2023 · MLS #23299037 · Source: CRMLS

Listing Agent: Adrienne Barr · Listing Office: Berkadia · Contact: 310-209-3200 · Bought with: Subscriber Non · Non-Participant Office

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