Pending
456 Myrtle Street
Glendale CA, 91203
$8,480,000
$415.85 per sqft
Pending
20,392 sqft
Condo
Built in 1989
Listed by Olga Wright with Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Nestled in a prime location, this pride of ownership property is offering an exceptional unit mix of 18 spacious two-bedroom / two-bathroom units, with five units featuring an additional den. All units have individual water heater and in-unit washer/dryer.
Built in 1989, this property is subject to State Rent Control AB 1482 which allows for 8.8% annual rent increases.
Opportunity to legalize three existing ADU 0+1 units offering additional streams of income and maximizing the property's investment potential making it a 21-unit building.
Property is equipped with Intercom access and gated secure parking, providing residents with peace of mind and ease of access.
**There is an assumable $4M Chase loan at an attractive interest rate of 3.15%, maturing on April 20, 2026.**
This meticulously maintained property, coupled with its prime location, attractive unit mix, potential for additional income, and favorable financing options, presents an outstanding investment opportunity in Glendale's vibrant real estate market.
SB24064234
MLSⓇ ID
April 1, 2024
Listed
May 1, 2024
Updated
Map
456 Myrtle Street
Glendale CA, 91203
Interior Features
Total Stories
3
Laundry Description
Washer Hookup, Gas Dryer Hookup
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.31 Acres
Lot Features
Rectangular Lot
Sewer
Public Sewer
Other Property Details
Area Name
628 - Glendale-South of 134 Fwy
Days on Market
7
Garage
Yes
Garage Spaces
20
Parking
Covered, Garage, On Site
Parking Total
20
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
GLR4YY
Buyer Agency Compensation
1.25%
Listing History
Date | Event | Price |
|---|---|---|
5/1/2024 | Pending | — |
4/15/2024 | Under Contract | — |
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/1/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/1/2024 at 2:12 AM UTC