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
Full Baths14
Square Footage8,420
Year Built1941
TypeResidential Income
Sub-TypeOther (L)
StatusBack Up Offer

Community Information

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


Parking Spaces17


Assigned, Carport, Carport Detached


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


WindowsDouble Pane Windows
RoofAsbestos Shingle

Additional Information

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

Listing Details

AgentGeorge Yessaie(01893333)
OfficeJohnHart Real Estate

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