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Sold for $1,675,000 on 12/14/23
  • Listing Provided by: 

    Alex Matevosian DRE #02047572 818-482-3830,

    MIG Commercial Real Estate Ser

    $1,675,000

    320 Western Ave, Glendale, CA 91201

    --beds
    --baths
    4,662sqft
    Multi Family
    Built in 1957
    -- sqft lot
    $-- Zestimate®
    $359/sqft
    $5,097 Estimated rent

    What's special

    An excellent opportunity awaits potential investors looking to acquire a multifamily property in the Riverside Rancho district of Glendale. MIG Commercial Real Estate Services, Inc is pleased to introduce 320 Western Ave in Glendale, a well maintained six-unit multifamily asset. Constructed in 1957, this complex comprises (4) two-bedroom, one-bathroom units, and (2) one-bedroom, onebathroom units. There is a covered carport at the rear of the building, providing six parking spaces (one per unit). Owner pays common area electricity, gas for the laundry room, and water. Tenants are responsible for all other utilities. There are 7 total electric meters, 7 total gas meters, and 1 water meter. Recent upgrades include the replacement of the main water line and the vertical waste line connecting to the city's infrastructure. Despite heavy rains in the past year, there have been no significant reports of leaks. Glendale's strategic location offers easy access to major freeways, making it a convenient hub for commuting to various parts of Los Angeles County. The city is also home to the Glendale Unified School District and is just minutes away from renowned establishments like Disney, DreamWorks Animation, the Los Angeles Zoo, and numerous urban parks. Don’t miss this opportunity to claim your next investment!

    Zillow last checked: 7 hours ago

    Listing updated: December 19, 2023 at 10:49am

    Listing Provided by:

    Alex Matevosian DRE #02047572 818-482-3830,

    MIG Commercial Real Estate Ser

    Bought with:

    Eric Dilanian, DRE #01951699

    Remax Commercial and Investment Realty

    Source: CRMLS,MLS#: GD23212525MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Flooring: Carpet
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 4,662
    • Total interior livable area: 4,662 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Carport
    • Garage spaces: 6
    • Has carport: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Ground
    • Pool features: None
    Lot
    • Size: 7,535 sqft
    • Features: Lawn, Near Park, Near Public Transit
    Details
    • Parcel number: 5626013006
    • Zoning: GLR3*
    • Special conditions: Standard,Trust
    • Horse amenities: Riding Trail

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1957

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Biking, Dog Park, Hiking, Horse Trails, Stable(s), Mountainous, Sidewalks, Park
    Location
    • Region: Glendale

    HOA & financial

    Other financial information
    • Total actual rent: 10500

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
    Services availability