Fourplex
Listing Agent: Lisa Lorentson (DRE #01975382) · Listing Office: Coldwell Banker Realty · Contact: (626) 584-0050 · Bought with: Gary Forecast · Coldwell Banker Realty · MLS #P1-13237 · Source: CRMLS
A wonderful opportunity to purchase this well-maintained, four-unit property in a prime location of Glendale. Built in 1942, this property is a great mix of one 2+1 and three 1+1 units, situated on a 6281 SF lot. There is a 60% rental upside opportunity with annual rental increases (AB1482: 5% + CPI), tenant turnover, and renovations as needed. This property offers two single and one double garages, great curb appeal and an extremely quiet building with long-term tenants. A great opportunity for the savvy investor.
Listing description from the May 2023 sale, as reported to CRMLS.