6.2 cap + 12.49 GRM + non rent control + assumable $1.235M loan at 3.9% (principle & interest approx $6250/mo, Buyer to verify). NOT RSO not rent control (Rent Stabilization Ordinance) built in 1989. End owner's 3 bed 3 bath unit is vacant & ready for the new owner to… Read More occupy or rent. Real gross income with the vacant owner's unit rented and laundry income is at 6.2 cap at $205,327 today. 2026 rent increases could see $219,192 income by October. Upside is to $238,029 income. Located on the Glendale border with easy freeway access, restaurants, and shops is this well maintained 5 unit apartment building. Each unit is large 3 bedrooms. 2 parking spaces for each unit. End unit has a fenced rear backyard. Tenants pay for their own water, electricity, and gas. Photos of vacant end unit. Read Less
Property listed by Keller Williams Los Angeles, Aram Gaboudian 310-259-7556
Listing Snapshot
Days Online
22
Last Updated
Beds
15
Square Ft.
6,491
Lot Size
0.2 Acres
Year Built
1989
MLS Number
26668933
Additional Details
Building
Built in 1989, Living area: 6491.0, 1 building, 2 stories, Levels: Two
Heating
Electric
Income
Gross Income: $216,125, Net Operating Income: $167,397
Lot
0.2037 acres, Dimensions: 50x178
Parking
10 total parking spaces, Assigned
Taxes
Parcel Number: 5680028006, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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