Description

Excellent opportunity to acquire a four-unit residential property in Glendale with significant upside potential. The property consists of four 1-bedroom, 1-bathroom units, currently vacant, providing a new owner with immediate flexibility and the opportunity to reposition the property. Approved plans are in place to convert the existing units from 1-bedroom/1-bathroom layouts to 2-bedroom/1-bathroom units, offering the potential for substantially higher rental income and increased overall property value. The property also includes a separate 1-bedroom, 1-bathroom ADU in the rear, which is currently occupied by a Section 8 tenant, providing immediate rental income. Additional improvements include an upgraded separate electrical meters for each unit, helping support the property's future renovation plans. This is an ideal opportunity for an investor, owner-user, or developer looking for a minor fixer with high-rent potential.

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Property information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1927

Living area

4,499 Sq Ft

Lot size

0.12 acres

Price / Sq Ft

$377

Days on market

49

Stories

2

Parcel number

5676022002

Features

Laundry

Washer Hookup · Gas Dryer Hookup

Community

Sidewalks

Sewer / Water

Public Sewer · Public