$5,895,000
1217 E Harvard St, Glendale, CA 91205
0 Beds
0 Baths
n/a sqft

Share

   
OR
Photos
Map
Need help calculating monthly payments on this home? Estimate your mortgage here.
powered by CINC
22 unit Spanish Colonial Revival Bungalow Court apartment on Harvard Street in Glendale, California. 22 1-bed/1-bath units, a central laundry room, 19 carports, 1 one-car garage, a large 300 sf storage room, and a smaller storage room. 20 of 22 units have been remodeled by its retired general contractor owner over the past 20 years. Rarely ever a vacancy or a late payer. 100% occupied. Tenants pay lower-than-market rents and have had no increases in a few years. Totaling 11,537 sf and situated on a 23,630 sqft flat lot. Separately metered electric and gas, copper plumbing, AC wall units, newer roofs. Easy to maintain....this property has been self managed for decades. Offering historic value as well as investment opportunity in one of LA's most attractive rental markets. Upsides include continued rent growth projections, eligible for significant Mills Act tax savings, raising rents, adding a yearly escalation clauses, interest on security deposits, charging for parking (half the tenants don't own a car), renting out 3 storage units, and converting carports into ADU's. Glendale is an entertainment and shopping destination in Los Angeles, synonymous with high-end retail and comfortable living. Americana at Brand is less than 1 mile away. Located in the southern portion of Glendale, closest to commerce, and in close proximity to schools and transportation (a few blocks from the 134 and 2 fwy's). Zoning R2250 - Medium Density Residential.
  • Price:
  • $5,895,000
  • Acreage:
  • 0.54
  • Year Built:
  • 1925
  • Listing ID #:
  • P1-4858
  • Street Address:
  • 1217 E Harvard St
  • City:
  • Glendale
  • State:
  • California
  • Postal Code:
  • 91205
  • County:
  • Los Angeles
  • Subdivision:
  • Not Applicable
  • Listing Status:
  • Active
  • Listing Type:
  • Apartment
  • Building Condition:
  • Turnkey, Updated/Remodeled
  • Building Faces:
  • South
  • Building Security:
  • Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Description:
  • Stucco
  • Interior Features:
  • Copper Plumbing Full, Open Floorplan
  • Number Of Floors In Unit:
  • One, Two
  • Number Of Units:
  • 22
  • Stories:
  • 2
  • Style:
  • Bungalow, Colonial, Spanish
  • Total # Of Buildings:
  • 1
  • Type Of Roof:
  • Tile
  • Unit Total # Of Garages:
  • 19.00
  • Year Built:
  • 1925
  • Year Built Source:
  • Assessor
  • Annual Insurance Expenses:
  • 5500.00
  • Annual Maintenance Expenses:
  • 6000.00
  • Annual Trash Expenses:
  • 2742.00
  • Expenses:
  • 109062.00
  • Gross Income:
  • 388000.00
  • Net Operating Income:
  • 285097.00
  • Operating Expense:
  • 102903.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • R2250
  • Lot Features:
  • Front Yard, Garden, Landscaped, Lawn, Level, Level With Street, Lot 20000-39999 Sqft, Rectangular Lot
  • Lot Square Footage:
  • 23630.00
  • Road Frontage Type:
  • City Street
  • Road Type:
  • Maintained, Paved
  • Community Features:
  • Biking, Curbs, Gutters, Park, Sidewalks, Storm Drains, Street Lights, Suburban
  • Days On Market:
  • 153
  • Previous Listing Price:
  • 5975000.00
  • Price Per Square Foot:
  • 510.96
  • Tenant Pays:
  • Electricity, Gas
  • Laundry:
  • 1
  • Laundry Description:
  • Community
  • Buildings Included:
  • Storage
  • Fence:
  • Wrought Iron
  • Fenced:
  • 1
  • Garage Parking Spaces:
  • 1.00
  • Parking Description:
  • Assigned, Attached Carport, Carport, Garage
  • Parking Spaces:
  • 20.00
  • Cooling System:
  • Wall/Window Unit(s)
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • 1
  • Heating:
  • Forced Air
  • Sewage Type:
  • Public Sewer
$

$

%

$

$

$


The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listings Provided by Michael Bell of Sotheby's International Realty 01164731
  • CRISNET

Similar Properties

Image Unavailable
$6,188,888
3644 Maxson Rd, El Monte, CA 91732
0 Beds | 0 Baths
CRISNET Listings Provided by Johnny Chang of Cal Best Realty (CA : 00853937)
ACTIVE
Image Unavailable
$6,000,000
7113 La Tijera Blvd, Los Angeles, CA 90045
0 Beds | 0 Baths
CRISNET Listings Provided by Steven Salke of United Property Network (CA : 01307437)
ACTIVE