Active

411 Naranja Drive

Glendale CA, 91206

$2,595,000


$502.81 per sqft

Active

8 Beds

7 Baths

5,161 sqft

Residential

Built in 1958

Listed by Derrick Vartanian with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

PRICE REDUCED!!! We are pleased to present 411 Naranja Drive a seven (7) unit multifamily investment opportunity located in prime Glendale. The wood frame stucco building consists of 5,161 square feet of living area and is situated on a 7,644 square foot lot zoned GLR1650. ASSUMABLE FINANCING! The property contains assumable financing provided by JP Morgan Chase Bank for an approved Buyer--rate of 3.37% fixed until February 1st, 2027! Ask Agent for details. The property features: One (1) Two Bedroom / One Bath unit ("Owner's Unit") and Six (6) One Bedroom / One Bath units. All units are individually metered for both gas and electricity. Further, the property consists of six (6) covered parking spaces for the tenants with the ability to park several more cars in tandem. The Two Bedroom unit has been renovated with new wood floors throughout in addition to an updated bathroom and kitchen. The remaining spacious one-bedroom units have undergone some renovations as well. Two of the units upstairs enjoy private balconies that overlook the beautifully landscaped courtyard. This asset has been meticulously cared for by the current owner who takes great pride in his buildings. The front driveway, which includes the open and covered parking spots was recently resurfaced as well. The property is located within an excellent pocket of Glendale. Tenants can enjoy being a short distance from Piedmont Park in addition to the shops and restaurants of Downtown Glendale. The property is also located close to Glendale Adventist Hospital and the 2 and 134 Freeways.

23338800

MLS ID

December 11, 2023

Listed

February 16, 2024

Updated

Map

411 Naranja Drive
Glendale CA, 91206

Interior Features

Total Stories

2


Bedrooms

8 Beds


Bathrooms

7 Baths


Appliances

Dryer, Washer


Laundry Description

Common Area, Inside, Laundry Room


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

No

Exterior/Building Features

Lot Size

0.18 Acres

Other Property Details

Area Name

628 - Glendale-South of 134 Fwy


Days on Market

65


Garage

Yes


Parking

Attached Carport, Covered, Driveway, Garage, Side By Side, Tandem


Parking Total

12


View

No


County

Los Angeles


Pool

No


Zoning

GLR 1650


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

2/15/2024

Price Change

$2,595,000

-3%

1/26/2024

Active

1/4/2024

Under Contract

Listing Contact: 310-425-9838 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 11:41 PM UTC

 

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