Pending
456 Myrtle ST
GLENDALE CA, 91203
$8,480,000
$415.85 per sqft
Pending
4 Beds
20,392 sqft
Condo
Built in 1989
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.
SB24064234MR
MLSⓇ ID
April 5, 2024
Listed
May 1, 2024
Updated
Map
456 Myrtle ST
GLENDALE CA, 91203
Interior Features
Total Stories
3
Bedrooms
4 Beds
Laundry Description
Gas Dryer Hookup, Washer Hookup
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.31 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Glendale-South of 134 Fwy
Days on Market
7
Garage
Yes
Garage Spaces
20
Parking
Garage
Parking Total
20
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
GLR4YY
Listing History
Date | Event | Price |
---|---|---|
5/1/2024 | Pending | — |
4/15/2024 | Under Contract | — |
Listed by Olga Wright with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310 606 2076
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor OMNI Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/1/2024