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    328 W Elk Avenue

    Glendale, CA 91204
    • $1,849,995
    • STATUS: Active
    • ON SITE: 86 Days
    • ID#: 21764314
    UPDATED: 86 min ago
    $1,849,995
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    Offered for sale is a very rare opportunity for a 4plex only 2 blocks from The Americana and the Glendale Galleria with rent increases in place to reach $7353/mo rental income and still has a 25% potential upside on rents as seller has not increased rents to market value. New owners can easily increase rent. The property consists of 3 detached buildings. In the front is building 1 with 2 units: ground level unit #A is 2 beds 1 bath at $1780/mo and the second level unit #B is 2 beds 1 bath will be increased to $2025/mo. In the middle is building 2 with 2 attached units: unit #C is 2 beds 1 bath will be increased to $2025/mo and unit #D is 1 bed 1 bath at $1523/mo. In the rear is building 3 used as a utility unit. Tenants pay for their own electricity, gas, and trash. Owner only pays for water and gardener. Owner has made many updates and upgrades.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T08:25:24.643. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/119619023
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    328 W Elk Avenue Glendale, CA 91204

    • Price: $1,849,995
    • Status: Active
    • Updated: 86 min ago
    • ID#: 21764314
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1911
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    Offered for sale is a very rare opportunity for a 4plex only 2 blocks from The Americana and the Glendale Galleria with rent increases in place to reach $7353/mo rental income and still has a 25% potential upside on rents as seller has not increased rents to market value. New owners can easily increase rent. The property consists of 3 detached buildings. In the front is building 1 with 2 units: ground level unit #A is 2 beds 1 bath at $1780/mo and the second level unit #B is 2 beds 1 bath will be increased to $2025/mo. In the middle is building 2 with 2 attached units: unit #C is 2 beds 1 bath will be increased to $2025/mo and unit #D is 1 bed 1 bath at $1523/mo. In the rear is building 3 used as a utility unit. Tenants pay for their own electricity, gas, and trash. Owner only pays for water and gardener. Owner has made many updates and upgrades.
    Exterior Features

    Parking Features Driveway

    Interior Features

    Appliances Washer Heating Forced Air Heating YN Yes

    Property Features

    Gross Income 88236 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 0 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Glr4yy

    Listing provided courtesy of Aram Gaboudian of Keller Williams Downtown La


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T08:25:24.643. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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