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
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