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$ 1,900,000
Est. payment | /mo
6,508 SqFt
$ 1,900,000
Est. payment | /mo
6,508 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,508 sqft
Price per Sqft $291
MLS Listing ID CRP1-22559
HOA Y/N No
Year Built 2003
Lot Size 0.295 Acres
Acres 0.3
Property Sub-Type Other
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
Interior
Fireplace No
Laundry Gas Dryer Hookup, Other
Exterior
View Y/N false
View None
Building
Lot Description Other
New Construction No
Others
Tax ID 2404019007
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Listed by Casey Picard • Keller Williams Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "