823 Highland Avenue
823 Highland Avenue
$4,750,000
16
16
8,494
8,494
$559
Sold 5/1/23
Description
We are pleased to present the opportunity to purchase a 16-unit two-story multi-family site in the desirable community of Pelanconi in Glendale, CA. The property is non-rent controlled and features one-bedroom units consisting of approximately 8,494 of net rentable squarefeet on 15,893 square feet of land. The charming garden style building is well located within a mostly single-family home residential neighborhood. Because of the lack of smaller rentals these one-bedrooms are higly sought after...We are pleased to present the opportunity to purchase a 16-unit two-story multi-family site in the desirable community of Pelanconi in Glendale, CA. The property is non-rent controlled and features one-bedroom units consisting of approximately 8,494 of net rentable squarefeet on 15,893 square feet of land. The charming garden style building is well located within a mostly single-family home residential neighborhood. Because of the lack of smaller rentals these one-bedrooms are higly sought after and rarely have vacancy. Local public schools are higly rated makingthis community a draw for familes as well. It's central location allows for an easy commute to many strong employment hubs within the film industry,industrial sector as well as Downtown Los Angeles. Originally built in 1948, the property has undergone light renovations over the years supporting it's retro charm. Many units have original hardwood floors,clean art-deco tiled bathrooms and kitchens while units that have been renovated have been replaced with luxury vinyl plank flooring. These thoughtful renovations create a perfect balance of both modern and retro appointments and is positioned quite well for additional improvements to be made as tenants roll-over. The large parking area in the rear of the building supports an opportunity for a major renovation by providing additional units and/or improvements for existing units. Glendale is a well established city in Los Angeles County for its strong demographics, Diversity and close proximity to Burbank and Los Angeles while offering a more niche community feel.
- Listed by Christie Abbott • DRE #01985617 • Brokerage DRE #01938098 • Lee & Associates Los Angeles West Inc.
Property Details for 823 Highland Avenue
Zoning
GLR1YY
Parcel Number5628036016
Total Units16.0
Living Area8494
Source Living AreaVendor Enhanced
AreaGlendale-Northwest (626)
Vacancy Rate0
Lot Size Area15869
Location
LISTING UPDATED: 05/10/2023 02:07 PM
Property Details for 823 Highland Avenue
Status | Sold |
---|---|
MLS # | 22-214951 |
Days on Market | 148 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1948 |
Lot Size | 0.36 AC / 15,869 SF |
County | Los Angeles County |
Location
Building Information for 823 Highland Avenue
Stories2Residences-Year Built1948Building Size-Lot Size0.36 AC / 15,869 SF
Payment Calculator
$25,945 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 823 Highland Avenue
Property History for 823 Highland Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 823 Highland Avenue
Taxable ValueLand$20,400Additions-Total$20,400
Tax Record2023$262 ($22 / month)
Home Facts
Beds0Lot Size589 SqFtStyleResidentialZoningGLRICountyLOS ANGELESAPN5628-036-015
Schools near 823 Highland Avenue
This home is within Glendale Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Balboa Elementary School PublicK to 6 | ||
Eleanor J. Toll Middle School Public6 to 8 | ||
Herbert Hoover High School Public9 to 12 | ||
Mark Keppel Elementary School PublicK to 5 |
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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