7 Renovated Units in Prime Glendale cash flowing at an amazing 4.7% Cap Rate and 14.8 GRM from Day 1. Attractive Assumable Financing at only a 4.4% interest rate, $1,670,000 fixed for 5 years. Priced at only 399k/door for fully renovated units with top-of-the-line finishes and features such as in-unit washer and dryer, stainless steel appliances, recessed lighting, fully remodeled kitchens with modern cabinets, and renovated bathrooms with floating vanities! All units are individually metered for electricity and gas. Preliminary plans to add 2 Detached ADUs in the back for future upside. Large 8,294 SF lot with carport parking in the back. Rare opportunity to purchase a cash-flowing building with an upside to a 5.4% Cap Rate and 13.3 GRM on proforma with assumable financing at only a 4.4% interest rate. This bundle of benefits is hard to find in today's market. The property is in a quiet Glendale neighborhood South of the 5 freeway and bordering the city of Burbank. It is in close proximity to the Disney Studios, Downtown Burbank, Downtown Glendale, 5 & 134 freeways!
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 25th March, 2023 5:31 PM (UTC)
Listing Agent: Julio Ruiz
Listing Office: Global Platinum Properties, Inc.