411 Naranja Dr Glendale, CA 91206
Active
$2,595,000
2%
7 Units
8 Beds
7 Baths
5,161 Area(sq.ft.)
7,646 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 6 | 1 | 1 | No | $ 1,848 | $ 11,090 | $ 12,570 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,295 | $ 2,295 | $ 2,695 |
| 2 | 7 | 8 | 7 | $ 13,383 | $ 68,835 | $ 78,115 |
| MLS #: | 23-338800 |
| Days On Market: | 85 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 503 |
| Price per unit: | $ 370,714 |
| Year Built: | 1958 |
Property Details
PRICE REDUCED!!! We are pleased to present 411 Naranja Drive a seven (7) unit multifamily investment opportunity located in prime Glendale. The wood frame stucco building consists of 5,161 square feet of living area and is situated on a 7,644 square foot lot zoned GLR1650. ASSUMABLE FINANCING! The property contains assumable financing provided by JP Morgan Chase Bank for an approved Buyer--rate of 3.37% fixed until February 1st, 2027! Ask Agent for details. The property features: One (1) Two Bedroom / One Bath unit ("Owner's Unit") and Six (6) One Bedroom / One Bath units. All units are individually metered for both gas and electricity. Further, the property consists of six (6) covered parking spaces for the tenants with the ability to park several more cars in tandem. The Two Bedroom unit has been renovated with new wood floors throughout in addition to an updated bathroom and kitchen. The remaining spacious one-bedroom units have undergone some renovations as well. Two of the units upstairs enjoy private balconies that overlook the beautifully landscaped courtyard. This asset has been meticulously cared for by the current owner who takes great pride in his buildings. The front driveway, which includes the open and covered parking spots was recently resurfaced as well. The property is located within an excellent pocket of Glendale. Tenants can enjoy being a short distance from Piedmont Park in addition to the shops and restaurants of Downtown Glendale. The property is also located close to Glendale Adventist Hospital and the 2 and 134 Freeways.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 156,641 |
| Total Annual Expense: | $ 50,107 |
| Net Operating Income: | $ 105,939 |
| Gross Annual Income: | $ 161,460 |
| Cap Rate: | 4.11% |
| Gross Rent Multiplier: | 16.07 |
Structure
| Type of Units: | 2+1 & 1+1 |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | GLR 1650 |
| Parking Garage: | Covered Parking, Carport Attached, Driveway, Tandem, Side By Side |
| Total Parking: | 12 |
Interior
| AC/Cooling: | Wall/Window, Wall Unit(s) |
| Equipment: | Other, Dryer, Washer |
| Heating: | Wall Electric |
| Laundry: | Laundry Area, Room, Inside, Community |
Exterior
Detailed Map
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