Property Detail

Description

First time on the market since it was built, this well-maintained 6-unit townhouse-style income property is located in one of Glendale’s most desirable pockets, just above Glenoaks. Built in 1986, the property offers an ideal unit mix consisting of five (5) 2-bedroom, 1.5-bath units and one (1) spacious 2-bedroom, 2.5-bath unit. Most units feature private balconies, central air and heat, and individual water heaters, skylights providing comfort and convenience for tenants. Several units have been updated, while others present excellent value-add potential, including the possibility of adding in-unit washer and dryer setups. Additionally, the majority of rooftop A/C units have been recently replaced, enhancing long-term efficiency and reducing future maintenance. The property has done extensive exterior improvements, including a brand-new roof, new exterior siding, brand new hallways and stairways, new gutters, and freshly painted fascia boards. This is a low-maintenance, high-demand investment opportunity offering long-term stability and significant upside perfect for investors, professionals, or 1031 exchange buyers seeking a strong addition to their portfolio. Done SB721 inspection report adds further confidence for buyers. The building also offers a shared on-site laundry facility. A total of 12 parking spaces (2 per unit) ensures strong tenant appeal and functionality, some tandem parking. Ideally situated near the highly sought-after Dryden & Highland corridor, the property is surrounded by established residential neighborhoods and is conveniently located near shopping, transportation, and major freeways. It also benefits from access to the highly regarded Glendale Unified School District, including Balboa Elementary, Toll Middle School, and Hoover High School, making it especially attractive to long-term tenants.