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    207 W Garfield Avenue

    Glendale, CA 91204
    • $2,400,000
    • STATUS: Pending
    • ON SITE: 22 days
    • ID#: 21690438
    Pending
    $2,400,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,638
      SQFT
    • $362
      $/SQFT
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    207 W. Garfield Ave is located in the heart of Glendale near the Glendale Galleria and The Americana shopping centers. This 7-unit income property boasts a fantastic unit mix of all large 2-bedroom, 1.5 bathrooms in great condition. Some of the tenants have lived in the property for quite a while, so there is substantial upside potential in the rents and the GRM is only 15.22. Asking only $361/sf this is hard to beat for this location of Glendale. Newer roof as of 4 or 5 years, new windows and newer water heater. Six of the Seven units have been upgraded but the building is fully occupied so please do not disturb the tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-03T00:28:36.71. 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 The Veléz Team | Coldwell Banker. Licensed in the State of California, USA.

    www.isabelvelez.com/homes/114038967
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    207 W Garfield Avenue Glendale, CA 91204

    • Price: $2,400,000
    • Status: Pending
    • ID#: 21690438
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    6,638
    SQFT
    $362
    $/SQFT
    1962
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    207 W. Garfield Ave is located in the heart of Glendale near the Glendale Galleria and The Americana shopping centers. This 7-unit income property boasts a fantastic unit mix of all large 2-bedroom, 1.5 bathrooms in great condition. Some of the tenants have lived in the property for quite a while, so there is substantial upside potential in the rents and the GRM is only 15.22. Asking only $361/sf this is hard to beat for this location of Glendale. Newer roof as of 4 or 5 years, new windows and newer water heater. Six of the Seven units have been upgraded but the building is fully occupied so please do not disturb the tenants.
    Exterior Features

    Lot Size Units Square Feet Parking Features CoveredUncovered Parking YN Yes

    Property Features

    Country Us Gross Income 157592.00 Gross Multiplier 15.22 Gross Operating Income 157692.00 Net Operating Income 97023.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 55938.00 Vacancy Allowance Rate 0.00 Zoning Glr4yy

    Listing provided courtesy of Chase Simonton of Re/Max One and Lauren Fallieras of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-03T00:28:36.71. 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 The Veléz Team | Coldwell Banker. Licensed in the State of California, USA.

     
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