Neema Ahadian
This listing was posted on RealtyWW.
$2,400,000
Home For Sale In Glendale, California
Price:
$2,400,000
BR/BA:
10+ BR, 7 BA
Location:
559 Glenwood Rd, Glendale, CA
Description:
559 Glenwood Rd is a seven-unit multifamily property stands out as a rare find in a sought-after residential area, promising both stability and growth potential for investors.Located on the strategic corner of Clement Dr and Glenwood Rd, the property benefits from its proximity to key educational institutions and is nestled in an affluent neighborhood that boasts a high average household income. Its accessibility to Downtown Glendale, major shopping centers like the Glendale Galleria, and essential freeways positions it as an ideal residential choice for a wide range of tenants.The building is currently fully occupied, featuring a mix of one single and six two-bedroom units with six parking garages, each with dedicated parking. Recent rent adjustments have been implemented, affirming the property's strong income generation capability. Despite its well-maintained status, highlighted by quality interior finishes such as hardwood flooring and recessed lighting, the property offers significant upside potential. With most units rented below market rates, strategic upgrades and unit turnovers could lead to an increase in rental income by over 45%.Offered at a competitive price per unit and per square foot, this investment presents a rare opportunity to enter or expand in the Glendale market. The combination of its location, full occupancy, and untapped value-add potential, set against a backdrop of limited market inventory, makes it a compelling choice for those looking to invest in a thriving residential rental market.For more details: https://realtyww.info/homes_glendale-d523985/for-sale_i70103026
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More About this Listing: Home For Sale In Glendale, California
Home For Sale In Glendale, California is a 10+ BR 7.5 Bath Single-Family Homes for Sale at 559 Glenwood Rd in Glendale CA. Find other listings like Home For Sale In Glendale, California and listings near 559 Glenwood Rd by searching Oodle Classifieds for 10+ BR 7.5 Bath Single-Family Homes for Sale in Glendale CA.
Home For Sale In Glendale, California is a 10+ BR 7.5 Bath Single-Family Homes for Sale at 559 Glenwood Rd in Glendale CA. Find other listings like Home For Sale In Glendale, California and listings near 559 Glenwood Rd by searching Oodle Classifieds for 10+ BR 7.5 Bath Single-Family Homes for Sale in Glendale CA.