501 Hill Drive

    Glendale, CA 91206
    • $1,795,000
    • STATUS: Active Under Contract
    • ON SITE: 74 days
    • ID#: 18392010
    Under Contract
    UPDATED: 46 min ago
    $1,795,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,368
      SQFT
    • $411
      $/SQFT
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    We are pleased to present 501 Hill Drive - a 4 unit multifamily investment opportunity located in Glendale, CA. The building was constructed in 1927 and extensively renovated in 2018. The property consists of 4,368 square feet of living on a large 9,485 square foot lot zoned R-2250. The unit mix features four very spacious Two Bedroom / One Bath units, including large living areas, formal dining rooms, and separate utility areas with washer/dryer hookups. The building was recently updated with 100% copper plumbing and a newer roof. The exterior of the building was recently painted and updated with all new windows. 3 out of the 4 units have been extensively remodeled with new, high-quality kitchen cabinets and designer materials including engineered floor tiles, beautiful backsplashes, brand new appliances, and new quartz countertops. The water heaters and the heating systems were replaced in all of the renovated units. Newly landscaped property with drought-resistant plants/irrigation

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T18:28:59.653. 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. Licensed in the State of California, USA.
    www.teamforss.com/homes/88126077

    501 Hill Drive Glendale, CA 91206

    • Price: $1,795,000
    • Status: Active Under Contract
    • Updated: 46 min ago
    • ID#: 18392010
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    4,368
    SQFT
    $411
    $/SQFT
    1927
    Built
    Neighborhood:
    624 - Glendale-Chevy Chase/E. Glenoaks
    County:
    Los Angeles
    Area:
    624 - Glendale-Chevy Chase/E. Glenoaks
    Property Description
    We are pleased to present 501 Hill Drive - a 4 unit multifamily investment opportunity located in Glendale, CA. The building was constructed in 1927 and extensively renovated in 2018. The property consists of 4,368 square feet of living on a large 9,485 square foot lot zoned R-2250. The unit mix features four very spacious Two Bedroom / One Bath units, including large living areas, formal dining rooms, and separate utility areas with washer/dryer hookups. The building was recently updated with 100% copper plumbing and a newer roof. The exterior of the building was recently painted and updated with all new windows. 3 out of the 4 units have been extensively remodeled with new, high-quality kitchen cabinets and designer materials including engineered floor tiles, beautiful backsplashes, brand new appliances, and new quartz countertops. The water heaters and the heating systems were replaced in all of the renovated units. Newly landscaped property with drought-resistant plants/irrigation
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.29 Gross Multiplier 16.11 Gross Operating Income 108077.00 Improvements Amount 157331 Land Value 923601 Laundry YN Yes Net Operating Income 76927.00 Special Listing Conditions Standard Total Expenses 31150.00 Zoning R-2250 (Buyer To Verify)

    Listing provided courtesy of Derrick Vartanian of Keller Williams Silicon Beach and Jonathan Prakash of Keller Williams Silicon Beach.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T18:28:59.653. 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. Licensed in the State of California, USA.
     
    Allison James Estates and Homes
    31213 Temecula Parkway
    Temecula CA, 92592