Glendale, CA91205
| 18732 sqft | MLS# 25583099
Tract:
For Sale $6,975,000
Description
This offering provides investors with a rare opportunity to secure a rather substantial footprint within Glendale, as only six properties of this size have sold within the city over the past three years. Due to the fact that the property subject to AB 1482, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. The property benefits from its proximity to the high-end shopping and dining destinations nearby -- notably the Americana at Brand and the Glendale Galleria -- while providing tenants with a more peaceful and serene atmosphere near the Adams Hill neighborhood, removed from the densely urban neighborhood in Downtown Glendale. Residents also enjoy access to the nearby boutiques, coffee shops, and restaurants in historic Adams Square, just blocks from the property.
Facts
| Built in 1959 | Lot Size: 26900.00 sqft | HOA Dues: $0/month
Features
Listing provided by Roderick 'Rick' Raymundo, Marcus & Millichap
Based on information from California Regional Multiple Listing Service, Inc. as of August 26, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.