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$2,925,000
Est. payment /mo
8 Beds
4 Baths
0.31 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-28892
Bedrooms 8
Lot Size 0.311 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional 10-Unit Multifamily Investment Opportunity in Glendale! Located at 935 N. Louise Street, this well-positioned apartment building features a highly desirable unit mix of ten 2-bedroom/1-bath residences, offering an excellent combination of existing income and significant value-add potential.The property has benefited from substantial capital improvements, including new electrical panels and rewiring, copper plumbing and new main water lines, and new asphalt, helping reduce major infrastructure concerns for the next owner. Additional amenities include 10 carport parking spaces with overhead storage and on-site laundry.A major highlight is that 3 of the 10 units are currently vacant, providing a new owner with the opportunity to renovate and reposition these units immediately. Current estimated market rents for renovated 2-bedroom units are approximately $2,400-$2,500 per month, presenting meaningful upside potential. The remaining seven units provide an existing income base, with current rents ranging from approximately $1,565 to $2,175 per month.Centrally located in Glendale, CA, with convenient access to shopping, dining, employment centers, transportation and the surrounding Los Angeles communities. This is a compelling opportunity for an investor seeking a well-located multifamily asset with immediate renovation potential, existing cash flow and long-term rental upside.Three vacant units + major building system upgrades + 10 parking spaces + an all 2BR unit mix make this a property worth a closer look.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction From 134 exit Brand, make a right on Glenoaks and a left on Louise
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5644014013
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Jose Maria Chaparro, DRE#02023861 Jenkins Properties
Co-listed byJohn Kelly • Jenkins Properties
Co-listed byJohn Kelly • Jenkins Properties
NEARBY SCHOOL & BUSINESS
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