Huge Price Reduction-Portner Fourplex is a well-maintained, spacious four-unit property located in the highly coveted neighborhood of Glassell Park. The property consists of all 2 bedroom/2 bathroom units. Tenants enjoy the convenience of having gated onsite parking (eight spots total), their own washer/dryer hook ups, and central air/heat. Gas and electric are separately metered. Being offered for acquisition for the first time in its 22-year history, this is truly a pride-of-ownership asset and a great addition to any investor's portfolio. The Portner Fourplex is centrally located between Pasadena, Glendale, and Downtown Los Angeles. Tenants will pay a premium to be near the culture and restaurants of Silverlake, Atwater Village, and Highland Park. INVESTMENT HIGHLIGHTS * Highly coveted Glassell Park location * Spacious 2 bedroom/2 bath units * First time on the market since construction * Gated onsite parking/total 8 spots * All units feature central air conditioning * All units feature washer/dryer hookups * All tenants are month-to-month * New owner can increase rent 5% + CPI annually, or to market rate with vacancies * Dense Population: 290,409 within a 3-mile radius * Household Income: $92,543 within a 3-mile radius
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
