1404 5th Street

$3,920,000, 14 Beds 14 Baths 8,420 Sqft .57 Acres

About This Property

Amazing opportunity to own a gem in the heart of Glendale above Glenoaks'' right next to newly constructed senior center with a park in the middle. In addition, the building is walking distance to blue ribbon Thomas Jefferson Elementary & bus stops. This building was constructed in 1941 & consists of (14) 1+1 bungalow style spacious units with ample parking, i.e. either carport or surface parking, for all residents. This asset has 8,420 SQFT of improvement over a 25,032 SQFT lot & there are 14 carport & 3 surface parking on the premises. Majority of the units have been remodeled with hardwood flooring, newer kitchen cabinets & countertops, ceramic wall & floor tiles in bathroom & kitchen, wall type heating & air conditioning. A few units have been improved with washer/dryer hookups inside the units. The property has a historically high occupancy rate due to its proximity to the great public schools, ideal for families seeking affordable 1-bedroom apartments near great schools. The windows have been replaced in the recent past & the plumbing & electrical are in great operational shape. The new owner can take over & achieve an above market return gradually as units turn in due time & as such will not'' be affected by the pending city Rent control discussion

Essential Information

MLS® #319000446
Price$3,920,000
Bedrooms14
Bathrooms14.00
Full Baths14
Square Footage8,420
Acres0.57
Year Built1941
TypeResidential Income
Sub-TypeOther (L)
StatusBack Up Offer

Community Information

Address1404 5th Street
AreaGlendale-Northwest (626)
CityGlendale
CountyLos Angeles
StateCA
Zip Code91201

Amenities

Parking Spaces17

Parking

Assigned, Carport, Carport Detached

Interior

HeatingWall Gas
CoolingWall Unit(s)
StoriesGround Level (N)

Exterior

WindowsDouble Pane Windows
RoofAsbestos Shingle

Additional Information

Date ListedFebruary 4th, 2019
Days on Market231
ZoningGLR4YY
HOA Fees0.00

Listing Details

AgentGeorge Yessaie(01893333)
OfficeJohnHart Real Estate

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