1021 Linden Avenue, Glendale, CA 91201 - MLS#BB25118417

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

Aug

Fri

Aug

Sat

Aug

Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$3,400,000

Est. payment - /mo

6 Beds

5 Baths

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID BB25118417

Bedrooms 6

Property Sub-Type Res Income 2-4 Units

Property Description

Rare Assumable Loan fixed at 3.20% until 2032! Located in one of Glendales most desirable neighborhoods, this well-maintained 8-unit property presents an outstanding investment opportunity with both immediate income potential and long-term growth. Built in 1988 to modern construction standards, the asset features a highly desirable unit mixTwo: 3 Bed / 2 Bath, Four: 2 Bed / 2 Bath, and Two: 1 Bed / 1 Bath unitsdesigned to attract a broad tenant base and maintain low vacancy rates. Currently delivering a strong 5.0% CAP rate, the propertys performance is significantly enhanced by an assumable $2,050,000 loan at a low 3.20 % fixed interest rate, locked in through June 2032a rare and valuable advantage in todays high-rate environment. With this financing structure in place, investors can achieve an impressive 7.8% ROI, combining stable cash flow with long-term security. Theres also immediate rental upside, with allowable rent increases this year of approximately $700/month, creating a clear path to boost NOI and overall cash flow. Four units have been recently remodeled with modern finishes, adding to the propertys rentability and tenant appeal. All units are equipped with central heating and air conditioning, enhancing comfort and value. Strategically located in a thriving Glendale rental market, this turnkey property offers the perfect blend of strong in-place income, financing leverage, and value-add potentialideal for investors looking to secure a high-performing asset in a high-demand area.

Location

State CA

County Los Angeles

Zoning Assessor

Direction off of Glenoaks

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Tax ID 5624005026

Read Less Info

Listed by David Nalbandyan LA Premier Realty

GET MORE INFORMATION

Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

1021 Linden Avenue Glendale, CA 91201

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION