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508 Hill Drive

Glendale, CA 91206
  • $2,900,000
  • STATUS: Pending
  • ON SITE: 20 Days
  • ID#: OC24060191
Pending
$2,900,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Liza Valayati of Valiant Multi-Family Group (714-608-2425)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. 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 deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/148942721
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508 Hill Drive Glendale, CA 91206

  • Price: $2,900,000
  • Status: Pending
  • On Site: 20 Days
  • ID#: OC24060191
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1962
Built
Neighborhood:
624 - Glendale-Chevy Chase/E. Glenoaks
County:
Los Angeles
Area:
624 - Glendale-Chevy Chase/E. Glenoaks
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.
Exterior Features

Entry Level 1 Entry Location Street Lot Features Landscaped Number Of Separate Electric Meters 10 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Curbs Electric Expense 1024 Fuel Expense 3730 Garage YN No Gross Income 119591 Gross Scheduled Income 196389 Insurance Expense 10027 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanCash to New Loan Net Operating Income 119591 New Construction YN No Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Operating Expense 70948 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Trash Expense 5940 Vacancy Allowance Rate 3 Water Sewer Expense 4202 Water Source Other Zoning GLR4*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. 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 deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Liza Valayati of Valiant Multi-Family Group (714-608-2425)