538 W Harvard Street, Glendale, California
538 W Harvard Street, Glendale, California 91204 - Great investment 4-plex centrally located in Glendale. The property has two structures. First building has a main, first floor house with 2Br/1Bath which has another 1Br/1Bath on top. The second structure has two 1Br/1Bath units. Additionally there is another, garage-adjacent 1Br/1Bath unit that produces extra 1200 per month. Buyer to verify all permits. 4 units have their own electricity and water meters. Excellent investment. Extremely well maintained and professionally managed investment property. This properties true cap rate is 5.48%. It's annual gross scheduled rental income is currently at $89,400. There is hardly any deferred maintenance cost since owner completed a lot of updates in 2010 including: all laminate flooring, sound proof windows, plumbing and sink upgrades as well as central AC and heating for those units. Upside in the rents is still possible. Each unit has its own parking.
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Listing Courtesy of Naira Danielyan~Titus Realty, Inc.