$2,450,000
$3,000,000
18.3%For more information regarding the value of a property, please contact us for a free consultation.
122 S Cedar ST Glendale, CA 91205
8 Beds
12 Baths
8,280 SqFt
Key Details
Sold Price $2,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,280 sqft
Price per Sqft $295
MLS Listing ID 23299037
Sold Date 12/07/23
Bedrooms 8
HOA Y/N No
Year Built 1929
Lot Size 7,239 Sqft
Property Description
*PRICE REDUCED by $550,000! *Charming Value-Add Opportunity: Over $800/Unit Rental Upside *Once in a Lifetime Opportunity: Legacy Property Owned by the Family for Over 40 Years *Walking Distance to the Americana at Brand & Glendale Galleria: WalkScore 95 *Priced To Sell at $250,000 Per Unit *Market Cap: 6.7% *Landlord Friendly City: Glendale's 7% Rent Ordinance Allows Higher Rent Increases Than the City of LA; Up to 8.8% Per State Law AB1482 *Glendale Is a Pro-Business City: Boasts No Gross Receipts or Business License Taxes *Not Subject to Mansion Tax * See Agent Remarks for Property Website. Rents shown in the OM rent roll are averages.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR4YY
Rooms
Ensuite Laundry Laundry Room
Interior
Laundry Location Laundry Room
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator
Laundry Laundry Room
Exterior
Attached Garage No
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5674010007
Special Listing Condition Standard
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Bought with Subscriber Non • Non-Participant Office