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412 Fischer Street

Glendale, CA 91205
  • $3,145,000
  • STATUS: Active Under Contract
  • ON SITE: 57 Days
  • ID#: 24362049
Under Contract
UPDATED: 92 min ago
$3,145,000
  • 15
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,492
    SQFT
  • $484
    $/SQFT
Type:
Multi-Family
Built:
1986
County:

School Ratings & Info

Listing Agent(s): Shant Sherbetdjian of Remax Commercial and Investment Realty (213-817-1000)


Description

We are thrilled to present an exclusive opportunity - a remarkable 7-unit building now available for sale after 36 years. Built in 1986, this building features spacious 2 & 3-bedroom units, situated in the highly sought-after Glendale area, with minimal to no vacancy rates. Comprising the 7 units are: (ONE) 3 Bed + 2.5 Bath townhome-style unit; (FOUR) 2 Bed + 2 Bath units; and (TWO) 2 Bed + 1 Bath units. This presents a promising value-add opportunity, with separate metering for gas and electricity along with Central Air Conditioning. Tenants benefit from the convenience of washer and dryer hook-ups in select units, supplemented by an additional laundry room in the common area equipped with leased laundry equipment. The property features an updated roof, secured parking, and entry offering 13 covered spaces, complemented by private storage rooms for all units. Furthermore, the current CHASE Loan offers an assumable 3.28% interest rate, fixed until May 1, 2026 (interested parties are encouraged to contact the listing agent for further details).Conveniently located near the retail corridor of E. Colorado Blvd., Glendale High School, Shopping Centers, and Windsor Park, this property presents an ideal opportunity with promising rental upside potential while adhering to Glendale's Rent Ordinance.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T12:35:24.617. 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 Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147997631
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412 Fischer Street Glendale, CA 91205

  • Price: $3,145,000
  • Status: Active Under Contract
  • On Site: 57 Days
  • Updated: 92 min ago
  • ID#: 24362049
15
Beds
0
Baths
0
½ Baths
0.17
Acres
6,492
SQFT
$484
$/SQFT
1986
Built
Neighborhood:
628 - Glendale-South of 134 Fwy
County:
Los Angeles
Area:
628 - Glendale-South of 134 Fwy
Property Description
We are thrilled to present an exclusive opportunity - a remarkable 7-unit building now available for sale after 36 years. Built in 1986, this building features spacious 2 & 3-bedroom units, situated in the highly sought-after Glendale area, with minimal to no vacancy rates. Comprising the 7 units are: (ONE) 3 Bed + 2.5 Bath townhome-style unit; (FOUR) 2 Bed + 2 Bath units; and (TWO) 2 Bed + 1 Bath units. This presents a promising value-add opportunity, with separate metering for gas and electricity along with Central Air Conditioning. Tenants benefit from the convenience of washer and dryer hook-ups in select units, supplemented by an additional laundry room in the common area equipped with leased laundry equipment. The property features an updated roof, secured parking, and entry offering 13 covered spaces, complemented by private storage rooms for all units. Furthermore, the current CHASE Loan offers an assumable 3.28% interest rate, fixed until May 1, 2026 (interested parties are encouraged to contact the listing agent for further details).Conveniently located near the retail corridor of E. Colorado Blvd., Glendale High School, Shopping Centers, and Windsor Park, this property presents an ideal opportunity with promising rental upside potential while adhering to Glendale's Rent Ordinance.
Exterior Features

Parking Features Covered Parking Total 13

Interior Features

Cooling Central Air Cooling YN Yes

Property Features

Association YN No Gross Income 139920 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 70023 New Construction YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Zoning GLR4YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T12:35:24.617. 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 Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Shant Sherbetdjian of Remax Commercial and Investment Realty (213-817-1000)