412 Fischer St, Glendale, CA 91205
- $2,700,000
- 15
- BD
- 13
- BA
- 6,492
- SqFt
- Sold Price
- $2,700,000
- List Price
- $3,145,000
- Closing Date
- Apr 30, 2024
- MLS#
- 24-362049
- Status
- SOLD
- Type
- Multifamily
- Bedrooms
- 15
- Bathrooms
- 13
- Living Area
- 6,492
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.
Additional Information
- Year Built
- 1986
- Garage
- Covered Parking
Mortgage Calculator
Courtesy of Remax Commercial and Investment Realty, Shant Sherbetdjian. Selling Office: .
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