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508 Hill Drive Glendale, CA 91206
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Key Details
Sold Price $2,900,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24060191
Bedrooms 1
Lot Size 7,775 Sqft
Property Description
Rare opportunity in Glendale. Hill Drive is part of a 22 unit portfolio sale along side a 12 unit apartment building located at 824 E. Windsor Road in Glendale. An astute investor will have the opportunity to purchase 2 pride of ownership buildings in excellent locations. Hill Drive is an all one bedroom building with massive upside in rents. Windsor Road is a mix of one and two bedrooms with the majority being two bedrooms with upside in rents as well. Both will be on the market for the first time and offer assumable financing with Chase bank both in the 3 percent rate range offering buyers better cashflow. With ADU potential on Windsor Road, both buildings will be a perfect addition to any investors portfolio or a first time buyer.
Rare opportunity in Glendale. Hill Drive is part of a 22 unit portfolio sale along side a 12 unit apartment building located at 824 E. Windsor Road in Glendale. An astute investor will have the opportunity to purchase 2 pride of ownership buildings in excellent locations. Hill Drive is an all one bedroom building with massive upside in rents. Windsor Road is a mix of one and two bedrooms with the majority being two bedrooms with upside in rents as well. Both will be on the market for the first time and offer assumable financing with Chase bank both in the 3 percent rate range offering buyers better cashflow. With ADU potential on Windsor Road, both buildings will be a perfect addition to any investors portfolio or a first time buyer.
Location
State CA
County Los Angeles
Area Glendale (91206)
Zoning Assessor
Building
Lot Description Curbs
Story 2
Others
Monthly Total Fees $81
Acceptable Financing Cash
Space Rent $1,625
Listing Terms Cash
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Bought with Liza Valayati • Valiant Multi-Family Group