$5,712,701*
●
Multifamily -
Off Market
1404 5th Street
Glendale, CA 91201
14 Beds
14 Baths
8420 Sqft
$3,528,000 - $4,312,000
Reference Base Price*
45.73%
Since Nov 1, 2019
CA-Los Angeles
Primary Model
About This Property
Amazing opportunity to own a gem in the heart of Glendale above
Glenoaks'' right next to newly constructed senior center with a
park in the middle. In addition, the building is walking distance
to blue ribbon Thomas Jefferson Elementary & bus stops. This
building was constructed in 1941 & consists of (14) 1+1 bungalow
style spacious units with ample parking, i.e. either carport or
surface parking, for all residents. This asset has 8,420 SQFT of
improvement over a 25,032 SQFT lot & there are 14 carport & 3
surface parking on the premises. Majority of the units have been
remodeled with hardwood flooring, newer kitchen cabinets &
countertops, ceramic wall & floor tiles in bathroom & kitchen, wall
type heating & air conditioning. A few units have been improved
with washer/dryer hookups inside the units. The property has a
historically high occupancy rate due to its proximity to the great
public schools, ideal for families seeking affordable 1-bedroom
apartments near great schools. The windows have been replaced in
the recent past & the plumbing & electrical are in great
operational shape. The new owner can take over & achieve an above
market return gradually as units turn in due time & as such will
not'' be affected by the pending city Rent control discussion
The manager has listed the unit size as 8420 square feet.
The manager has listed the unit size as 8420 square feet.
Unit Size
8,420Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$466
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1941
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 2, 2019 | No longer available | - | |
No longer available | |||
Feb 4, 2019 | Listed | $3,920,000 | |
Listed |
Property Highlights
Air Conditioning
Parking Available
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/04/2019
|
|
14 Bed
|
14 Bath
|
8420 ft²
|
$3,920,000
14 Bed
14 Bath
8420 ft²
|
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-
|
-
|
-
|