$2,600,000
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10 Beds
11 Baths
6,518 SqFt
SOLD DATE : 06/16/2023
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 6,518 sqft
Price per Sqft $382
MLS Listing ID 23249243
Sold Date 06/16/23
Bedrooms 10
HOA Y/N No
Year Built 1967
Lot Size 7,152 Sqft
Property Description
***Please Contact Us For An OM***Assumable loan of $1,250,000 at 3.83% interest only for four years and fixed for six years. Fantastic opportunity to own a six-unit building in the highly desirable Glendale area located in an exceptional neighborhood, with an 81 Walk Score and easy access to the Americana at Brand, Griffith Park, Adventist Health, Glendale Plaza, and Glendale Fashion Center. The property is not subject to LA City rent control and features an attractive assumable loan of approximately $1,250,000 at a fixed rate of 3.83% with interest-only payments until March 2027 and maturing on approximately March 2029. In addition to the attractive financing, the property also has significant growth potential. By adding an ADU in the tuck-under parking, the buyer may potentially convert the 6 units to 7 units (*see photo rendering), subject to buyer's own confirmation of feasibility. The property has 45% upside in rents and an estimated 18% average annual return potential if the buyer turns 4 units during a 5-year time period.Please contact us for further information.
Location
State CA
County Los Angeles
Area 627 - Rossmoyne & Verdu Woodlands
Zoning GLR4YY
Interior
Heating Wall Furnace
Cooling Central Air
Fireplace No
Appliance Disposal
Exterior
Parking Features Covered
Garage Spaces 6.0
Garage Description 6.0
Total Parking Spaces 6
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 5644020001
Financing Assumed
Special Listing Condition Standard
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Bought with Kelly Morgan KW Advisors

johnherkenrath@epiquerealty.com
<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>







