Description
Don't miss this opportunity to own this beautiful seven-unit turnkey property located in the family-oriented and business-friendly Glendale submarket. The subject property is conveniently located in South Glendale giving tenants easy access to the amenities in Glendale, Atwater Village and DTLA. The 5,527sf two-story building sits on a 7,996sf lot, and is comprised of (2) two bedroom and two bathroom units, (1) two bedroom and one bathroom unit and (4) one bedroom and one bathroom units. All of the units have been fully remodeled including new plumbing and electrical. These spacious, open layout units include engineered hard wood floors, quartz counters, new cabinets, dishwashers, in unit stacked washer/dryers and plenty of natural light. Please note the current owners are achieving 100% rent collections throughout the COVID-19 pandemic. This turnkey property features 7 parking spaces and all units are individually metered for electricity. IMPORTANT NOTE: The Interest Rate of said Loan, 4.21% will remain fixed until July 2026, then become variable, all due in July 2049. Buyer to pay 1% assumption fee plus customary lender underwriting expenses.
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10BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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5,527SQFT
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$506$/SQFT
School Ratings & Info
Description
Don't miss this opportunity to own this beautiful seven-unit turnkey property located in the family-oriented and business-friendly Glendale submarket. The subject property is conveniently located in South Glendale giving tenants easy access to the amenities in Glendale, Atwater Village and DTLA. The 5,527sf two-story building sits on a 7,996sf lot, and is comprised of (2) two bedroom and two bathroom units, (1) two bedroom and one bathroom unit and (4) one bedroom and one bathroom units. All of the units have been fully remodeled including new plumbing and electrical. These spacious, open layout units include engineered hard wood floors, quartz counters, new cabinets, dishwashers, in unit stacked washer/dryers and plenty of natural light. Please note the current owners are achieving 100% rent collections throughout the COVID-19 pandemic. This turnkey property features 7 parking spaces and all units are individually metered for electricity. IMPORTANT NOTE: The Interest Rate of said Loan, 4.21% will remain fixed until July 2026, then become variable, all due in July 2049. Buyer to pay 1% assumption fee plus customary lender underwriting expenses.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-30T13:31:20.597. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.