724 North Howard Street

Glendale, CA 91206

$2,490,000
Last Sold Price
10
Beds
11
Baths
6,518 Sq. Ft.
$382 / Sq. Ft.
6,518
Sq. Ft.
$382
per Sq. Ft.

Description

Please Contact Us For An OM Assumable loan of $1,250,000 at 3.83% interest only for four years and fixed for six years. Fantastic opportunity to own a six-unit building in the highly desirable Glendale area located in an exceptional neighborhood, with an 81 Walk Score and easy access to the Americana at Brand, Griffith Park, Adventist Health, Glendale Plaza, and Glendale Fashion Center. The property is not subject to LA City rent control and features an attractive assumable loan of approximately...Please Contact Us For An OM Assumable loan of $1,250,000 at 3.83% interest only for four years and fixed for six years. Fantastic opportunity to own a six-unit building in the highly desirable Glendale area located in an exceptional neighborhood, with an 81 Walk Score and easy access to the Americana at Brand, Griffith Park, Adventist Health, Glendale Plaza, and Glendale Fashion Center. The property is not subject to LA City rent control and features an attractive assumable loan of approximately $1,250,000 at a fixed rate of 3.83% with interest-only payments until March 2027 and maturing on approximately March 2029. In addition to the attractive financing, the property also has significant growth potential. By adding an ADU in the tuck-under parking, the buyer may potentially convert the 6 units to 7 units ( see photo rendering), subject to buyer's own confirmation of feasibility. The property has 45% upside in rents and an estimated 18% average annual return potential if the buyer turns 4 units during a 5-year time period. Please contact us for further information.
  1. Listed by Kelly Morgan • DRE #01898026 • Brokerage DRE #01854200 • KW Advisors

Property Details for 724 North Howard Street

Zoning
GLR4YY
Cross Streets
Glen Oaks / Geneva
Parcel Number
5644020001
Total Units
6.0
Living Area
6518
Source Living Area
Vendor Enhanced
Area
Rossmoyne & Verdugo Woodlands
Vacancy Rate
None

Location

Listing Courtesy of KW Advisors, Kelly Morgan, DRE #01898026

Sold By KW Advisors, Kelly Morgan, DRE #01898026

Add your commute
LISTING UPDATED: 06/19/2023 11:57 AM

Property Details for 724 North Howard Street

StatusSold
MLS #23-249243
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1967
Lot Size0.16 AC / 7,151 SF
CountyLos Angeles County

Location

Listing Courtesy of KW Advisors, Kelly Morgan, DRE #01898026

Sold By KW Advisors, Kelly Morgan, DRE #01898026

Add your commute

Building Information for 724 North Howard Street

Stories2Residences-Year Built1967Building Size-Lot Size0.16 AC / 7,151 SF

Payment Calculator

$13,589 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,589

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 724 North Howard Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Probate: No
  • Financing: Assumed
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $147,071
  • Net Operating Income: $85,117.00
  • Gross Income: $151,620
  • Cap Rate: 3.27%
  • Gross Rent Multiplier: $17.15
  • Actual Annual Gross Rent: $149,820.00
  • Actual Gross Annual Income: $151,620
  • Actual Rent Total: $149,820.00
  • Financial Info as Of: 04/01/2023
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 61954
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1642
  • Lot Size Square Feet: 7151
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 6
  • Covered Parking: 6
  • Garage Spaces Total: 6
  • Parking Features: Covered
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Wall Unit(s), Central
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-09-2023
  • Listing Terms: Assumable
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,704.00
  • Unit Actual Rent: $1,704.00
  • Unit Projected Rent: $1,704.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,906.00
  • Unit Actual Rent: $1,906.00
  • Unit Projected Rent: $1,906.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,942.00
  • Unit Actual Rent: $1,942.00
  • Unit Projected Rent: $1,942.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,083.00
  • Unit Actual Rent: $3,083.00
  • Unit Projected Rent: $3,083.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,380,959.00
  • Assessed Improvement Percent: 60.25
  • Assessed Land Value: $911,021.00
  • Assessed Land Percent: 39.75
  • Assessed Total Value: $2,291,980.00

Property History for 724 North Howard Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 724 North Howard Street

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
R. D. White Elementary School
PublicK to 5

Woodrow Wilson 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 KW Advisors, Kelly Morgan, DRE #01898026

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.