$5,400,000
Pending
24 Days Online
0 Beds0 Baths15,772 SQFT
Pending

721 E Garfield Avenue Glendale, CA 91205

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A 20-unit apartment in the City of Glendale, California. This offering presents a rare opportunity for investors to acquire a strategically located apartment in the heart of the City of Glendale, CA. This property is located down the street from Glendale Community College Garfield Campus and just minutes away from Americana at Brand, Glendale Galleria, and Glendale High School. This is the first time these properties have been offered for sale since 1982. The properties were built in 1951 and situated side by side with shared center walkway and its own driveway. Both buildings have a combined total of ±15, 772 SF and are situated on a combined ±21, 370 SF Lot size. It offers a good unit mix of eight (8) x 2bed+1bath (4 in each building), and twelve (12) x 1bed+1bath (6 in each building) units. Each unit has an individual water heater, an excellent and spacious layout, and separately metered for electricity and gas. Parking is provided by a total of 10 parking spaces at the back (5 spaces per building). Most of the tenants are on month-to-month agreement and some are due for rent increases. There is a shared laundry room for both buildings (laundry leased).

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site23 Days
  • MLS StatusPending
  • MLS ID NumberAR24104057
  • Home Size Source N/A
  • Year Built1951
  • Lot Size0.4906 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Assigned
  • Parking Spaces 10
  • Sewer Public Sewer
  • Number of Stories 22
  • Acreage 0.4906
  • Water Public
  • Property Sub Type Apartment
  • Garage Spaces 0
  • Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected
  • Zoning GLR4YY
  • Listing Conditions Standard

Interior Features

  • Cooling Wall/ Window Unit(s)
  • Heating Wall Furnace
  • Appliances Gas Range
  • Flooring CarpetLaminateVinyl
  • Fireplace Features None
  • Laundry Features Common AreaCommunity
  • Fireplace No

Exterior Features

  • Spa No
  • Pool Features None
  • Spa Features None
  • Lot Lot 20000-39999 SqftRectangular LotLevel

Community Features

  • Association Dues 0
  • Community Features Urban
  • Senior Community No
  • MLS Area 628 - Glendale-South of 134 Fwy

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Monthly Payment (Est.)

$28,596
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