609 Corwin Ave - Multi-Family FOR SALE


Glendale, CA 91206
$1,495,000 USD
818-432-3201
609 Corwin Ave, Glendale, CA for Sale
$1,495,000 USD
Multi-Family - FOR SALE
1/16
null | 4.95% Cap Rate

609 Corwin Ave
Glendale, CA 91206


HIGHLIGHTS

  • 2 Attached units PLUS Newer Construction ADU
  • Each Unit is separately metered for gas and electric
  • At the center of four major freeways

OVERVIEW

Introducing a rare opportunity to acquire a generously updated and meticulously maintained 2-unit PLUS 2022-2023 constructed ADU, perfect for seasoned investors looking to expand their portfolio or new investors eager to enter the real estate market. This property boasts significant curb appeal, with recent updates that enhance both its aesthetic and functional appeal, ensuring minimal future maintenance and attracting quality tenants. Each unit has well-appointed layouts, featuring modern finishes and upgrades, making this property a turnkey investment. The stabilized rents provide steady cash flow from day one, offering financial security and predictability for any buyer. Located in a desirable area with strong rental demand, this property is positioned for long-term appreciation making an excellent asset for long term in a family portfolio. Whether you’re a seasoned investor seeking a reliable addition to your portfolio or a first-time buyer looking for a manageable investment with strong fundamentals, this opportunity checks all the boxes. Don’t miss the chance to secure this income-producing asset!

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$670 USD /SF

# OF UNITS

3

PRICE/UNIT

$498,333

CAP RATE

4.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,238 SF

ZONING

GLR1

APN/PARCEL ID

5665-018-013

ASK ABOUT THIS PROPERTY

Emil AkopianKW Commercial, GlendaleMore Info
818-432-3201

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Emil AkopianKW Commercial, GlendaleMore Info
818-432-3201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.