Glendale CA  home offered at $2,695,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

1905 VASSAR Street
Glendale, California CA 91204-2934
Sold For: $2,510,000
Listing ID: 22160119
Price/SqFt: $487.61
Status: Closed
Sold Date: 2/07/2024
SqFt: 5,527 Sq Ft
Acres: 0.184 Acres
Year Built: 1962

Don't miss this opportunity to own this beautiful seven-unit turnkey property located in the family-oriented and business-friendly Glendale submarket. The subject property is conveniently located in South Glendale giving tenants easy access to the amenities in Glendale, Atwater Village and DTLA. The 5,527sf two-story building sits on a 7,996sf lot, and is comprised of (2) two bedroom and two bathroom units, (1) two bedroom and one bathroom unit and (4) one bedroom and one bathroom units. All of the units have been fully remodeled including new plumbing and electrical. These spacious, open layout units include engineered hard wood floors, quartz counters, new cabinets, dishwashers, in unit stacked washer/dryers and plenty of natural light. Please note the current owners are achieving 100% rent collections throughout the COVID-19 pandemic. This turnkey property features 7 parking spaces and all units are individually metered for electricity. IMPORTANT NOTE: The Interest Rate of said Loan, 4.21% will remain fixed until July 2026, then become variable, all due in July 2049. Buyer to pay 1% assumption fee plus customary lender underwriting expenses.

Primary Features

County: Los Angeles
Price Reduction Date: 2023-06-15T00:29:36+00:00
Price/SqFt: 487.61
Property Type: Residential Income
Year Built: 1962
Zoning: GLR4YY

Interior

Appliances: yes
Appliances: Dishwasher, Disposal, Refrigerator
Interior Features: Ceiling Fan(s)
Laundry: yes
Laundry Features: Washer Included, Dryer Included
Levels: Two
Stories Total: 2

External

Architectural Style: Mid Century Modern
Carport Spaces: 7
Lot Dimensions Source: Assessor
Lot Size Area: 7996
Lot Size Dimensions: 50x160
Lot Size Source: Assessor
Lot Size Square Feet: 7996
Number Of Buildings: 1
Parking: yes
Parking Features: Carport
Parking Total: 7

Location

Country: US
MLS Area Major: 628 - Glendale-South of 134 Fwy

Additional

Association: no
Days On Market: 441
List Agent State License: 00960857
List Office State License: 00960857
Lot Size Units: Square Feet
New Construction: no
Number Of Units Total: 7
Parcel Number: 5640039002
Property Condition: Updated/Remodeled
Senior Community: no
Year Built Source: Assessor

Financial

Cap Rate: 5
Gross Multiplier: 14.65
Gross Operating Income: 183936
Net Operating Income: 134355
Special Listing Conditions: Standard
Total Expenses: 49581

Zoning Info


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Listed by: MarkKonopaske, DRE #00960857 from Mark Konopaske

Contact - Listing ID 22160119

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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