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Listed by Meroojohn Ordubegian, DRE #01064157 • Westgate Capital
$ 1,695,000
Est. payment | /mo
5,316 Sqft Lot
$ 1,695,000
Est. payment | /mo
5,316 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26178662
Year Built 1927
Lot Size 5,316 Sqft
Source California Regional MLS
Property Description
Excellent opportunity to acquire a four-unit residential property in Glendale with significant upside potential. The property consists of four 1-bedroom, 1-bathroom units, currently vacant, providing a new owner with immediate flexibility and the opportunity to reposition the property. Approved plans are in place to convert the existing units from 1-bedroom/1-bathroom layouts to 2-bedroom/1-bathroom units, offering the potential for substantially higher rental income and increased overall property value. The property also includes a separate 1-bedroom, 1-bathroom ADU in the rear, which is currently occupied by a Section 8 tenant, providing immediate rental income. Additional improvements include an upgraded separate electrical meters for each unit, helping support the property's future renovation plans. This is an ideal opportunity for an investor, owner-user, or developer looking for a minor fixer with high-rent potential.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Gas Hookup, 30
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5676022002
Special Listing Condition Not Applicable
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