Great investment 4-plex centrally located in Glendale. The property has two structures. First building has a main, first floor house with 2Br/1Bath which has another 1Br/1Bath on top. The second structure has two 1Br/1Bath units. Additionally there is another, garage-adjacent 1Br/1Bath unit that produces extra 1200 per month. Buyer to verify all permits. 4 units have their own electricity and water meters. Excellent investment. Extremely well maintained and professionally managed investment property. This properties true cap rate is 5.48%. It's annual gross scheduled rental income is currently at $89,400. There is hardly any deferred maintenance cost since owner completed a lot of updates in 2010 including: all laminate flooring, sound proof windows, plumbing and sink upgrades as well as central AC and heating for those units. Upside in the rents is still possible. Each unit has its own parking.
Off market
$1,169,300
538 W Harvard St, Glendale, CA 91204
--beds
0baths
2,748sqft
MultiFamily
Built in 1911
-- sqft lot
$1,169,300 Zestimate®
$426/sqft
$2,621 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Cooling
- Central
Appliances
- Laundry: Area
Features
- Has fireplace: Yes
- Common walls with other units/homes: 1 common wall
Interior area
- Total interior livable area: 2,748 sqft
Property
Parking
- Total spaces: 8
Features
- Levels: Two
Lot
- Size: 6,259 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 5695016012
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1911
Utilities & green energy
- Water: Public
- Utilities for property: See Remarks
Community & neighborhood
Location
- Region: Glendale
Other
Other facts
- CommonWalls: 1 common wall
- CommunityFeatures: Sidewalks
- PropertyType: Residential Income
- SpecialListingConditions: Standard
- Levels: Two
- Heating: Central Furnace
- LaundryFeatures: Area
- LotFeatures: 2-5 Units/Acre
- Utilities: See Remarks
- MLSAreaMajor: 628 - Glendale-South of 134 Fwy
- BuildingAreaUnits: Square Feet
- ElevationUnits: Feet
- LotSizeSource: Assessor
- WaterSource: Public
Services availability
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Estimated market value
$1,169,300