433 W Garfield Avenue, Glendale, CA 91204

About this property

We are pleased to present the Garfield Vista Apartments in Glendale for sale. Great upside potential, quite possibly the highest yield on market rents of any offering available for sale in Glendale. Market The front property is a 2+1.5 two story house renting for $1,780 in which the upstairs is being operated as a stand alone 1+1 with private entrance and private balcony renting at $1,300 non-conforming unit. The rear building house (4) 2+1 units renting at an average of $1,566. A new owner can continue operating with the 6 income streams or easily rent the front house as a 3+2.5 2 story home. With a Walk Score ® of 83, the property is very walkable and most errands can be accomplished on foot. Extensive capital improvements have been incorporated such as copper plumbing, updated electrical, pitched roofs and individual water heaters. The front house is a spacious living space with a great floor plan. Between both buildings is an open yard that can easily be updated with lounge furniture, a BBQ area, and a water feature to create a sense of community. There is on-site parking & laundry. Market GRM 13.6 & Market CAP 5.5% ** Contact listing agent for further details **

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

Sale history

$2,025,000

Sold January 2023 · listed $2,100,000, on market November 2022 · MLS #SR22246154 · Source: CRMLS

Listing Agent: Levon Alexanian · Listing Office: Keller Williams World Media Center · Contact: 818-239-3500 · Bought with: Levon Alexanian · Keller Williams World Media Center

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