Nestled in a prime location, this pride of ownership property is offering an exceptional unit mix of 18 spacious two-bedroom / two-bathroom units, with five units featuring an additional den. All units have individual water heater and in-unit washer/dryer. Built in 1989, this property is subject to State Rent Control AB 1482 which allows for 8.8% annual rent increases. Opportunity to legalize three existing ADU 0+1 units offering additional streams of income and maximizing the property's investment potential making it a 21-unit building. Property is equipped with Intercom access and gated secure parking, providing residents with peace of mind and ease of access. **There is an assumable $4M Chase loan at an attractive interest rate of 3.15%, maturing on April 20, 2026.** This meticulously maintained property, coupled with its prime location, attractive unit mix, potential for additional income, and favorable financing options, presents an outstanding investment opportunity in Glendale’s vibrant real estate market.
MLS #
CRSB24064234
MLS Source
California Regional MLS
Heating
Wall Furnace
Garage/Parking
Common Parking Area, Covered Parking, Garage, Garage: 20 Car(s)
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | 17 | – |
456 Myrtle St is a Residential Income in Glendale, CA 91203. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1989.
This address can also be written as 456 Myrtle St, Glendale, CA 91203.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of June 03, 2024. For the most current information, please contact Olga Wright, (310) 606-2076