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    207 W Garfield Ave

    Glendale, CA 91204
    • $2,400,000
    • STATUS: Active Under Contract
    • ON SITE: 16 days
    • ID#: 21-690438
    Under Contract
    UPDATED: 16 min ago
    $2,400,000
    • 14
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,638
      SQFT
    • $362
      $/SQFT
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    207 W. Garfield Ave is located in the heart of Glendale near the Glendale Galleria and The Americana shopping centers. This 7-unit income property boasts a fantastic unit mix of all large 2-bedroom, 1.5 bathrooms in great condition. Some of the tenants have lived in the property for quite a while, so there is substantial upside potential in the rents and the GRM is only 15.22. Asking only $361/sf this is hard to beat for this location of Glendale. Newer roof as of 4 or 5 years, new windows and newer water heater. Six of the Seven units have been upgraded but the building is fully occupied so please do not disturb the tenants.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-25T07:42:19.07. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/114037719
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    207 W Garfield Ave Glendale, CA 91204

    • Price: $2,400,000
    • Status: Active Under Contract
    • Updated: 16 min ago
    • ID#: 21-690438
    14
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    6,638
    SQFT
    $362
    $/SQFT
    1962
    Built
    Neighborhood:
    Glendale-South Of 134 Fwy
    County:
    Los Angeles
    Area:
    Glendale-South Of 134 Fwy
    Property Description
    207 W. Garfield Ave is located in the heart of Glendale near the Glendale Galleria and The Americana shopping centers. This 7-unit income property boasts a fantastic unit mix of all large 2-bedroom, 1.5 bathrooms in great condition. Some of the tenants have lived in the property for quite a while, so there is substantial upside potential in the rents and the GRM is only 15.22. Asking only $361/sf this is hard to beat for this location of Glendale. Newer roof as of 4 or 5 years, new windows and newer water heater. Six of the Seven units have been upgraded but the building is fully occupied so please do not disturb the tenants.
    Exterior Features

    Lot Size Area 7113 Other Structures None Parking Garage Covered ParkingUncovered Total Parking 11

    Interior Features

    Baths Total 14.00 Cooling Window Unit(S) Equipment DryerWasher Heating Wall Gas

    Property Features

    Assessed Total Value 1575642 Gross Income 157592 Gross Operating Income 157692 Like Units1 7 Net Operating Income 97023.00 Number Of Buildings 1 Number Of Units 7 Owner Pays GardenerWater Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 55938 Type Of Units 2+1.5 Year Built Source Assessor Zoning Glr4yy

    Listing provided courtesy of Chase Simonton DRE#01766871 of Re/Max One.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-25T07:42:19.07. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    27720 Dickason Drive
    Valencia CA, 91355