316 West. Garfield Ave., Glendale, CA 91204 - SR20089184 - iPro Real Estate
iPro Real Estate

iPro Real Estate

316 West. Garfield Ave.
Glendale, CA 91204

Pending, Multi-Family/Income Sale

For Sale

$1,600,000 $152.21 per sqft

Free Professional CMA

Listing ID : CRSR20089184

  • Garage

    3
  • Lot Size

    10,512 Sqft
  • Year

    1915

Description

BOM!!! Fantastic investment opportunity! Great location. Fourplex located in the great City of Glendale. Zoning GLR2YY. Potential development opportunity on this large plot of land (10,512 Sq Ft approx). Main front house (316 W Garfield Ave) has five bedrooms and two bathrooms (by owner) on two floors and basement. In the rear are two detached buildings with a total of three (3) 1+1 units, plus garages converted to storage w/p by seller (extra income $800.00). Some new windows, roofs approximately 5 years old. Plenty of space for parking. Fresh plants and trees at the front of the property, small storage, workshop, and fountain w/o permits. Property located close to Los Feliz, Frogtown, Glendale Galleria and the Americana. Access to a lot of amenities, Glendale Blvd retailers, Griffith Park, Los Angeles Zoo, Costco and Best Buy. Accessibility to Freeway 5 and 134. A lot of development activity in the City of Glendale. Retrofitting already made on the property, tenants are paying rents on time.

Details

Type: Multi-Family/Income Sale 
Subdivision: 628 - Glendale-south Of 134 Fwy 
MLS Area: 628 - Glendale-South of 134 Fwy 
County: Los Angeles 
HOA Amenities: Other 
Security Features: Smoke Detector(s)/Alarm(s) 
Tax ID: 5696024004
Cap Rate: 4.00% 
Gross Rent Multiplier: 16.26 
Days on Market: 748 
Access Features: None 
Amenities: Screens, Counters 
Construction Type: Concrete , Other 
Energy Saving: Energy Star Windows/ Doors 
Flooring: Other 
Foundation: Other 
Kitchen: None 
Laundry: None 
Number of Buildings: 3 
Number of Units: 4 
Parking Spaces: 3 
Property Type: Commercial Sale 
Roof: Shingle 
Style: Other 
Sub Type: Fourplex 
View: None 
Water: District - Public 

Show More

Interactive

34.13549 -118.258652 $1,600,000 SR20089184
316 West. Garfield Ave., Glendale, CA 91204
Directions to here from:

Area Information 91204

Population:

15,993 Up .03% since 2010
Average Income:
$72,823
Average Age:
39Years
Gender:
48.3%Male
51.7%Female
Households:
5,66627.29% with children
Average Value:
$694,114
Occupancy:
13.19%Owned
86.81%Rented
6.51%Vacant
Education:
19.78%High School
7.45%Associate
23.71%Bachelor
7.52%Graduate
Average Residency:
19Years
Crime Rate:
Average
Annual Rainfall:
17.67Inches
Earthquake Risk:
Very High
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average

History

Date Transaction Price Mortgage Amt & Lender
Date
Apr 25, 2022
Transaction
Expired - Residential Income (2-4 units)CR12055345
Price
$1,100,000
Mortgage Amt & Lender
- -
Date
Jan 16, 2021
Transaction
Sold - Residential Income (2-4 units)CNSR20089184
Price
$1,575,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Julio Pilco with Buena Vista Real Estate Group

Based on information from the MLSListings MLS) as of 5/25/2022. 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.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 5/25/2022. 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. ©2022 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes