$8,480,000
456 Myrtle Street, Glendale 91203
4
Beds
4
Baths
13,555
Lot Size
18
# Of Units
Listing Agent
Olga Wright - Lyon Stahl Investment Real Estate, Inc.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.
Facts & Features
MLS® # | SB24064234 |
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Price | $8,480,000 |
Bedrooms | 4 |
Bathrooms | 4.00 |
Lot Size | 13,555 |
Year Built | 1989 |
Type | Residential Income |
Sub-Type | Apartment |
Status | Pending |
# Of Units | 18 |
Community Information
Address | 456 Myrtle Street |
---|---|
Area | 628 - Glendale-South of 134 Fwy |
City | Glendale |
County | Los Angeles |
Zip Code | 91203 |
Amenities
Parking Spaces | 20 |
---|---|
Parking | Covered, Garage, On Site |
# of Garages | 20 |
Garages | Covered, Garage, On Site |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Heating | Wall Furnace |
---|---|
Has Basement | No |
Fireplace | No |
# of Stories | 3 |
Stories | Three Or More |
Exterior
Lot Description | Rectangular Lot |
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Additional Information
Date Listed | April 1st, 2024 |
---|---|
Days on Market | 7 |
Zoning | GLR4YY |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Olga Wright |
---|---|
Office | Lyon Stahl Investment Real Estate, Inc. |