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Listed by Casey Picard • Keller Williams Realty
$ 1,900,000
Est. payment | /mo
0.3 Acres Lot
$ 1,900,000
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRP1-22559
Year Built 2003
Lot Size 0.295 Acres
Source California Regional MLS
Property Description
Introducing 8425 Glenoaks Boulevard - a unique 8-unit multifamily investment opportunity in the rapidly growing Sun Valley submarket. This well-located asset features a desirable mix of (4) spacious 2 bed / 2 bath units and (4) efficient 1 bed / 1 bath units, spread across two separate buildings with distinct construction eras and characteristics.The larger building, constructed in 2003, consists of four +/-1,075 SF 2-bedroom units that are not subject to the Los Angeles Rent Stabilization Ordinance (RSO). The smaller building, built in 1953, includes four +/-550 SF 1-bedroom units, which fall under LA RSO. The total combined building size is approximately +/-6,508 SF situated on a +/-12,869 SF lot.This low-maintenance property features copper plumbing throughout, washer/dryer hookups in 6 of the 8 units, and a total of 12 on-site parking spaces. Importantly, no seismic retrofit is required. All of the units offer their own water heater and provide granite or quartz countertops in the kitchens. With no common area laundry, there are absolutely no gas expenses for the ownership.Positioned with excellent access to the 5 Freeway, the property also benefits from its proximity to Burbank, North Hollywood, Bob Hope Airport, and the Burbank Town Center, making it attractive for tenants
Location
State CA
County Los Angeles
Area Sunv - Sun Valley
Rooms
Kitchen None
Interior
Laundry 30, 38
Exterior
Garage Spaces 13.0
Pool 31, None
View None
Others
Tax ID 2404019007
Special Listing Condition Not Applicable
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Drew Reid
REALTOR® | Lic# 01332884