907 Glendale Boulevard

Los Angeles, CA 90026

$2,575,000
Price
4
Beds
10
Baths
4,312 Sq. Ft.
$597 / Sq. Ft.
4,312
Sq. Ft.
$597
per Sq. Ft.

Description

Highly sought after bungalow structures located directly across Echo Park Lake. The opportunity consists of five (5) structures for ten units including six (6) studio units and four (4) one-bedroom units. There is approximately thirty-eight (38%) percent rental upside that can be achieved through unit turnover. In addition, there are four (4) single car garages allocated to the one-bedroom units. More importantly, there is assumable financing at a fixed rate of 3.66% till 2032 which is extremely...Highly sought after bungalow structures located directly across Echo Park Lake. The opportunity consists of five (5) structures for ten units including six (6) studio units and four (4) one-bedroom units. There is approximately thirty-eight (38%) percent rental upside that can be achieved through unit turnover. In addition, there are four (4) single car garages allocated to the one-bedroom units. More importantly, there is assumable financing at a fixed rate of 3.66% till 2032 which is extremely attractive relative to today's capital markets.
  1. Listed by Andres Diaz • DRE #01956479 • Brokerage DRE #01364089 • Keller Williams Downtown LA

Property Details for 907 Glendale Boulevard

Zoning
LARD2
Parcel Number
5404005006
Total Units
10.0
Living Area
4312
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
7500

Location

Listing Courtesy of Keller Williams Downtown LA, Andres Diaz, DRE #01956479
Add your commute
LISTING UPDATED: 10/02/2023 12:55 PM

Property Details for 907 Glendale Boulevard

StatusActive
MLS #23-292227
Days on Market284
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.17 AC / 7,500 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Downtown LA, Andres Diaz, DRE #01956479
Add your commute

Building Information for 907 Glendale Boulevard

Stories1Residences-Year Built1923Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

$15,627 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,053

Property Taxes

$1,574

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 907 Glendale Boulevard

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 5
  • Type Of Units: Market
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $168,804
  • Net Operating Income: $103,066.00
  • Gross Income: $168,804
  • Gross Rent Multiplier: $15.25
  • Total Annual Expense: 65738
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7500
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 4
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-19-2023
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,071.00
  • Unit Actual Rent: $6,423.00
  • Unit Projected Rent: $11,040.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,911.00
  • Unit Actual Rent: $7,644.00
  • Unit Projected Rent: $8,384.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $362,541.00
  • Assessed Improvement Percent: 25.0
  • Assessed Land Value: $1,087,629.00
  • Assessed Land Percent: 75
  • Assessed Total Value: $1,450,170.00

Property History for 907 Glendale Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 907 Glendale Boulevard

Taxable ValueLand$1,109,381Additions$370,591Total$1,479,972
Tax Record2023$18,883 ($1,574 / month)
Home Facts
Total Finished SqFt4,312 SqFtAbove Grade Finished SqFt4,312 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLARD2CountyLOS ANGELESAPN5404-005-006

Schools near 907 Glendale Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Camino Nuevo Charter Academy No. 4
CharterK to 8

Virgil Middle School
Public6 to 8

Edward R. Roybal Learning Center
Public9 to 12

Miguel Contreras Learning Complex 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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907 Glendale Boulevard is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on July 19, 2023 by Keller Williams Downtown LA, it's currently listed at $2,575,000. It has been on the market for a total of 284 days and was last sold on March 28, 2006. This listing's school district is Los Angeles Unified School District. Nearby schools include Camino Nuevo Charter Academy No. 4, Virgil Middle School and Edward R. Roybal Learning Center. 907 Glendale Boulevard is a 4-bed, 10-bath, 4,312 sqft multi-family home built in 1923.

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 Keller Williams Downtown LA, Andres Diaz, DRE #01956479

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.