Sold for $2,900,000

Listed by: Valiant Multi-Family Group • Liza Valayati • Contact: 714-608-2425

Bought with: Valiant Multi-Family Group

$2,900,000

508 Hill Dr, Glendale, CA 91206

10beds

10baths

5,796sqft

Multi Family

Built in 1962

-- sqft lot

$2,031,400 Zestimate^®

$500/sqft

$1,994 Estimated rent

Home value

$2,031,400

$1.63M - $2.52M

$1,994/mo

Zestimate^® history

Owner options

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$1,994/mo

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$1,994/mo

Rent Zestimate^®

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$18,427/mo

Est. payment

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$18,427/mo

Est. payment

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What's special

Rare opportunity in Glendale. Hill Drive is part of a 22 unit portfolio sale along side a 12 unit apartment building located at 824 E. Windsor Road in Glendale. An astute investor will have the opportunity to purchase 2 pride of ownership buildings in excellent locations. Hill Drive is an all one bedroom building with massive upside in rents. Windsor Road is a mix of one and two bedrooms with the majority being two bedrooms with upside in rents as well. Both will be on the market for the first time and offer assumable financing with Chase bank both in the 3 percent rate range offering buyers better cashflow. With ADU potential on Windsor Road, both buildings will be a perfect addition to any investors portfolio or a first time buyer.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 10

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 5,796
Total interior livable area: 5,796 sqft

Property

Features

Levels: Two
Stories: 2
Entry location: Street
Pool features: None

Lot

Size: 7,775 Square Feet
Features: Landscaped

Details

Parcel number: 5665021008
Zoning: GLR4*
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1962

Utilities & green energy

Sewer: Unknown
Water: Other

Community & HOA

Community

Features: Curbs

Location

Region: Glendale

Financial & listing details

Price per square foot: $500/sqft
Date on market: 3/27/2024
Cumulative days on market: 5 days
Listing terms: Cash,Cash to Existing Loan,Cash to New Loan

Price history

Date	Event	Price
7/1/2024	Sold	$2,900,000$500/sqft
Source: CRMLS #OC24060191 Report a problem
4/9/2024	Pending sale	$2,900,000$500/sqft
Source: CRMLS #OC24060191 Report a problem
4/3/2024	Contingent	$2,900,000$500/sqft
Source: CRMLS #OC24060191 Report a problem
3/27/2024	Listed for sale	$2,900,000$500/sqft
Source: CRMLS #OC24060191 Report a problem