Sold

823 Highland Avenue

Glendale CA, 91202

$4,750,000


$559.22 per sqft

Sold

16 Beds

16 Baths

8,494 sqft

Residential

Built in 1948

Listed by Christie Abbott with Lee & Associates Los Angeles West Inc. 310-899-2700

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.

22214951

MLS ID

November 3, 2022

Listed

March 23, 2024

Updated

Map

823 Highland Avenue
Glendale CA, 91202

Interior Features

Total Stories

2


Bedrooms

16 Beds


Bathrooms

16 Baths


Appliances

Refrigerator


Laundry Description

Laundry Room


Floor Description

Wood


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Combination

Exterior/Building Features

Lot Size

0.36 Acres

Other Property Details

Area Name

626 - Glendale-Northwest


Days on Market

148


Garage

No


Parking

One Space, Uncovered


Parking Total

16


View

No


County

Los Angeles


Pool

No


Zoning

GLR1YY


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

5/12/2023

Price Change

$4,750,000

-4%

5/12/2023

Sold

$4,750,000

Listing Contact: 310-899-2700 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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 3/23/2024 at 1:22 AM UTC

 

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