715-721 East Garfield Avenue

Glendale, CA 91205

$5,400,000
Price
3
Beds
20
Baths
15,772 Sq. Ft.
$342 / Sq. Ft.
15,772
Sq. Ft.
$342
per Sq. Ft.

Description

A 20-unit apartment in the City of Glendale, California. This offering presents a rare opportunity for investors to acquire a strategically located apartment in the heart of the City of Glendale, CA. This property is located down the street from Glendale Community College Garfield Campus and just minutes away from Americana at Brand, Glendale Galleria, and Glendale High School. This is the first time these properties have been offered for sale since 1982. The properties were built in 1951 and situated...A 20-unit apartment in the City of Glendale, California. This offering presents a rare opportunity for investors to acquire a strategically located apartment in the heart of the City of Glendale, CA. This property is located down the street from Glendale Community College Garfield Campus and just minutes away from Americana at Brand, Glendale Galleria, and Glendale High School. This is the first time these properties have been offered for sale since 1982. The properties were built in 1951 and situated side by side with shared center walkway and its own driveway. Both buildings have a combined total of ±15,772 SF and are situated on a combined ±21,370 SF Lot size. It offers a good unit mix of eight (8) x 2bed+1bath (4 in each building), and twelve (12) x 1bed+1bath (6 in each building) units. Each unit has an individual water heater, an excellent and spacious layout, and separately metered for electricity and gas. Parking is provided by a total of 10 parking spaces at the back (5 spaces per building). Most of the tenants are on month-to-month agreement and some are due for rent increases. There is a shared laundry room for both buildings (laundry leased).
  1. Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade

Property Details for 715-721 East Garfield Avenue

Parking Spaces Total
10
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
20.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
15772
Assessor Parcel Number
5675-023-023

Location

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321
Add your commute
LISTING UPDATED: 06/07/2024 11:57 AM

Property Details for 715-721 East Garfield Avenue

StatusPending
MLS #AR24104057
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1951
CountyLos Angeles County

Location

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321
Add your commute

Building Information for 715-721 East Garfield Avenue

Building/Complex715-721 E Garfield AveFloor-Stories2Residences-Pet Policy-Year Built1951Building Size-

Payment Calculator

$29,470 per month

30 year fixed, 7.25% Interest

Principal and Interest

$29,470

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 715-721 East Garfield Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $0
  • Net Operating Income: $0
  • Current Financing: None
Expense Details
  • Operating Expense: $0
  • Operating Expense Percent: .00%
  • New Taxes Expense: $58,409
  • Gardener Expense: $0
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Other Expense Description: 0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $117,931
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 3025.03
  • Tax Lot: 32
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Community, Laundry Area
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Laminate, Vinyl
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 20000-39999 Sqft, Rectangular Lot, Level
  • Number Of Units: 20
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 10
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 8
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 2

Property History for 715-721 East Garfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 715-721 East Garfield Avenue

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Horace Mann Elementary School
PublicK to 5

Theodore Roosevelt Middle School
Public6 to 8

Glendale High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.