$920,000
$1,000,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
1,575 SqFt
SOLD DATE : 08/07/2024
Key Details
Sold Price $920,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,575 sqft
Price per Sqft $584
MLS Listing ID 24416649
Sold Date 08/07/24
Bedrooms 3
HOA Y/N No
Year Built 1941
Lot Size 5,636 Sqft
Property Description
Charming value-add triplex investment property located in the Vineyard neighborhood of Glendale. The single-story triplex, built in 1941, offers a total of 1,575 square feet of living space, with each offering 525 square feet on average. The building features three 1-bedroom /1-bath units, which are currently occupied by long term tenants. There is also a non-conforming studio unit behind the garage that is being held vacant (requires plumbing repairs). The property offers three single-car garages along with three uncovered parking spaces, one per each unit. 601 Alexander St sits on a 0.13 Acre R4 zoned lot, and with ~105% upside on the current rents, it is a prime value-add opportunity in a fantastic SoCal rental market!
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR4YY
Interior
Heating Natural Gas
Fireplace No
Exterior
Garage Door-Multi, Garage, Uncovered
Total Parking Spaces 6
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5638011013
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "