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604 Hawthorne Street

Glendale, CA 91204
  • $2,050,000
  • STATUS: Active Under Contract
  • ON SITE: 21 Days
  • ID#: P1-16384
Under Contract
UPDATED: 66 min ago
$2,050,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1932
County:

School Ratings & Info

Listing Agent(s): Patrick Cochran of Coldwell Banker Realty ((626) 584-0050) and Robert Ip of Coldwell Banker Realty Pasadena(626-584-0050)


Description

Introducing an exceptional investment opportunity in the heart of Glendale, CA - a well-maintained 6-unit apartment building showcasing immense potential. Ideally situated near the 5 and 134 freeways, this property boasts a coveted location for tenants and investors, providing a seamless blend of immediate income and promising future value appreciation. With three updated units, ensuring quality tenants, the remaining three units provide an excellent opportunity for investors to enhance and maximize rental income.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T14:35:39.143. 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 Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
www.rusnellproperties.com/homes/147161790
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604 Hawthorne Street Glendale, CA 91204

  • Price: $2,050,000
  • Status: Active Under Contract
  • On Site: 21 Days
  • Updated: 66 min ago
  • ID#: P1-16384
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1932
Built
Neighborhood:
Not Applicable
County:
Los Angeles
Area:
628 - Glendale-South of 134 Fwy
Property Description
Introducing an exceptional investment opportunity in the heart of Glendale, CA - a well-maintained 6-unit apartment building showcasing immense potential. Ideally situated near the 5 and 134 freeways, this property boasts a coveted location for tenants and investors, providing a seamless blend of immediate income and promising future value appreciation. With three updated units, ensuring quality tenants, the remaining three units provide an excellent opportunity for investors to enhance and maximize rental income.
Exterior Features

Carport Spaces 5 Carport YN Yes Fencing BlockWood Number Of Separate Electric Meters 7 Parking Features CarportOn Street Parking Total 5 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls No Common Walls Cooling YN Yes Fireplace Features None Fireplace YN No Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Cap Rate 4.51 Community Features BikingSidewalks Disclosures Rent Control Garage YN No Gross Income 149820 Gross Scheduled Income 149820 Insurance Expense 5375 Land Lease YN No Laundry Features Washer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 92472 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 57348 Rent Control YN Yes Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Trust Tenant Pays ElectricityGas Total Actual Rent 12485 Trash Expense 2540 Water Source Public Zoning GLR4YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T14:35:39.143. 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 Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
 
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Rusnell Real Estate Group | Vista Sotheby's
16 Malaga Cove Plaza
Palos Verdes Estates CA, 90274
Listing Agent(s): Patrick Cochran of Coldwell Banker Realty ((626) 584-0050) and Robert Ip of Coldwell Banker Realty Pasadena(626-584-0050)