559 Glenwood Rd, Glendale, CA, 91202

559 Glenwood Rd, Glendale, CA, 91202 < >
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for sale
$2,400,000
Lot Size:0.24 Acres
Year Built:1952
Status:Active
MLS #:24374047
Date Updated:
For information contact:
CENTURY 21 Ditton Realty
559-683-7653
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Go See This Property
559 Glenwood Rd is a seven-unit multifamily property stands out as a rare find in a sought-after residential area, promising both stability and growth potential for investors.Located on the strategic corner of Clement Dr & Glenwood Rd, the property benefits from its proximity to key educational institutions and is nestled in an affluent neighborhood that boasts a high average household income. Its accessibility to Downtown Glendale, major shopping centers like the Glendale Galleria, and essential freeways positions it as an ideal residential choice for a wide range of tenants.The building is currently fully occupied, featuring a mix of one single and six two-bedroom units with six parking garages, each with dedicated parking. Recent rent adjustments have been implemented, affirming the property's strong income generation capability. Despite its well-maintained status, highlighted by quality interior finishes such as hardwood flooring and recessed lighting, the property offers significant upside potential. With most units rented below market rates, strategic upgrades and unit turnovers could lead to an increase in rental income by over 45%.Offered at a competitive price per unit and
Interior Details
Levels: TwoStories Total: 2

Exterior Details
Lot Size Acres: 0.2412Lot Size Dimensions: 75x135
Number Of Buildings: 3Number Of Units Total: 7
Parking Features: GarageParking Total: 6.00

Community Information
County Or Parish: Los AngelesDirections: Located on the corner of Clement Dr & Glenwood Rd just west of N Pacific Ave.
MLS Area Major: 626 - Glendale-NorthwestParcel Number: 5634013027
Zoning: GLR4YY

Property Information From MLS Data
Year Built: 1952

Utilities
Heating: Wall Furnace

Listing Information Courtesy of:
List Agent First Name: Neema
List Agen tLast Name: Ahadian
List Office Name: Marcus & Millichap

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Monthly Payment for 559 Glenwood Rd
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Price:$2,400,000
Down Payment:
Loan Amount:$1,920,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Neema Ahadian, Marcus & Millichap

Information obtained from CACRMLS is current as of 5/2/2024 2:54 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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