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5626587550
The Quintana Group
318 E California, Glendale, CA 91206
- $725,000
- List Price
- $725,000
- Status
- ACTIVE
- MLS#
- GD26241744
- Year Built
- 1921
- Lot Size
- 1,907
- Acres
- 0.04
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 2
- Property Type
- Multifamily
- Property Sub Type
- Duplex
Property Description
RARE DOWNTOWN GLENDALE OPPORTUNITY - This unique property consists of two residential units: one-bedroom, one-bath each. Current rents reflect actual income. Live in one unit while collecting rental income from the other. An Additional Opportunity: The property can also be purchased together with the adjacent three-unit property at 320 E. California Avenue, which is situated on a separate parcel. This provides buyers with the potential flexibility of residential financing rather than commercial financing. Together, the two properties offer a total of five residential units, consisting of four one-bedroom, one-bath units and one studio. According to assessor records, the combined properties offer approximately 2,414 square feet of building area on a generous 5,920-square-foot lot. Whether you are an owner-user looking to offset your housing expenses, a multigenerational family seeking flexible living arrangements, or an investor looking to expand your portfolio, this is a rare opportunity to acquire multiple residential units in a desirable Downtown Glendale location. Live in one. Collect rent from the others. Explore the possibilities. A rare find in Glendale!
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $50,040
- Operating Expense
- 10000
Listing courtesy of Listing Agent: Nick & Mike Nick & Mike (sold@nickandmike.com) from Listing Office: Keller Williams R. E. Services.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.