Traditional Sale! Recent price improvement to $1,499,999.00. This is one of those properties that if you don't buy it today, you may be angry at yourself for not doing so in the not-to-distant future. Come see for yourself this unique triplex in a highly desirable neighborhood in Glendale. All units are 1 story detached & all currently rented. Tax record shows year built was 1921. However, the prior owner replaced the interior flooring & walls down to the studs & rebuilt all 3 units. All upgraded in 2003. An oasis in the middle of Glendale! A signature garden in-between the 2 rear units w/fruit trees in all back yards. Very nice profile from the front. Each unit has its own washer & dryer. 4 parking spots on side (2 for the front unit, 1 for each rear unit). Front unit has a large enough extra room to be utilized as a 3rd bedroom as it does have a closet. It is NOT on the tax record as a bedroom. Close to I-5, Glendale Mall, LA Zoo, many other locations/amenities. See the attached photos for additional insight into this property. Please note: expenses are high due to current monthly mortgage of approx. $2,250. If doing a 1031 Exchange or paying cash, this expense will go away providing a higher monthly return on your investment. Please note: One of Two 21st Century Built Multi-Family Units Listed or Sold in Glendale in the Past Year! Highest Rental Income/Square Feet of Living Area in Glendale! FYI: Unit 440B: just installed a new washer & dryer. Front unit rent will increase as of Jan. 1, 2022 to $2,238 per month. Please note: This is one of two 21st Century Built Multi-Family Units Listed or Sold in Glendale in the Past Year! Highest Rental Income per Square Feet of Living Area in Glendale! LA County general tax levy is 1%. Additional variable taxes are 0.88%. The fixed assessments are $225. Total property taxes are $11,117.83 per year = $926.49 per month. Buyer(s) to verify all information.
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