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1404 5th Street, Glendale, CA 91201
1 Beds
14 Baths
8,420 sqft

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Amazing opportunity to own a gem in the heart of Glendale above Glenoaks'' right next to newly constructed senior center with a park in the middle. In addition, the building is walking distance to blue ribbon Thomas Jefferson Elementary & bus stops. This building was constructed in 1941 & consists of (14) 1+1 bungalow style spacious units with ample parking, i.e. either carport or surface parking, for all residents. This asset has 8,420 SQFT of improvement over a 25,032 SQFT lot & there are 14 carport & 3 surface parking on the premises. Majority of the units have been remodeled with hardwood flooring, newer kitchen cabinets & countertops, ceramic wall & floor tiles in bathroom & kitchen, wall type heating & air conditioning. A few units have been improved with washer/dryer hookups inside the units. The property has a historically high occupancy rate due to its proximity to the great public schools, ideal for families seeking affordable 1-bedroom apartments near great schools. The windows have been replaced in the recent past & the plumbing & electrical are in great operational shape. The new owner can take over & achieve an above market return gradually as units turn in due time & as such will not'' be affected by the pending city Rent control discussion
  • Price:
  • $3,920,000
  • Bedrooms:
  • 1
  • Square Footage:
  • 8,420
  • Acreage:
  • 0.57
  • Year Built:
  • 1941
  • Listing ID #:
  • 319000446
  • Street Address:
  • 1404 5th Street
  • City:
  • Glendale
  • State:
  • California
  • Postal Code:
  • 91201
  • County:
  • Los Angeles
  • Community:
  • Glendale
  • Listing Status:
  • Active Under Contract
  • Flooring:
  • Ceramic Tile, Hardwood, Wood
  • Number Of Units:
  • 14
  • Square Footage Source:
  • Seller
  • Stories:
  • Ground Level
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 8420
  • Type Of Roof:
  • Asbestos Shingle
  • Unit1 Bedrooms:
  • 1
  • Windows:
  • Double Pane Windows
  • Year Built:
  • 1941
  • Adjusted Gross Income:
  • 243509.00
  • Net Operating Income:
  • 164462.00
  • Approximate Lot Size Range Source:
  • Seller
  • Conforms To Zoning:
  • Glr4yy
  • Lot Square Footage:
  • 25032
  • Days On Market:
  • 166
  • Land Lease Type:
  • Fee
  • Price Per Acre:
  • 6820950.06
  • Price Per Square Foot:
  • 465.56
  • Tenant Pays:
  • Cable Tv, Electricity, Gas
  • Kitchen:
  • Granite Counters
  • Covered Parking Spaces:
  • 14
  • Garage Capacity:
  • 0.0
  • Parking Description:
  • Covered Parking
  • Parking Spaces:
  • 17
  • Parking Type:
  • Assigned, Carport, Carport Detached
  • Cooling System:
  • Wall Unit(s)
  • Existing Water:
  • Public
  • Heating:
  • Wall Gas
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • In, Connected & Paid
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Originating MLS: ITECH
  • CARETS

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