$3,100,000

Estimated payment $20,254/month

Total Views 713
12 Beds
7 Baths
5,480 Sq Ft
$566 Price per Sq Ft

Highlights

  • Golf Course Community
  • Open Floorplan
  • Contemporary Architecture
  • Herbert Hoover High School Rated A-
  • Near a National Forest
  • Property is near public transit

About This Home

Discover a fully updated six-unit treasure nestled just steps from Glendale & Burbank’s vibrant downtown in the desirable neighborhood surrounding 1164 Irving Ave. The City of Glendale does not have a rent control ordinance, and there is on-site parking available. The units are separately metered for gas and electricity, and they have on-site laundry services that generate revenue. This prime location allows occupants to enjoy all of Glendale & Burbank’s world-famous entertainment, dining, and culture, within the comfort of a quiet and luxurious apartment.

This charming mid-century property includes:

• Five 2 bed/1 bath units plus one spacious 2 bed/2 bath unit, ideal for resident owners or investors seeking stable multi-family income.
• Recent exterior renovations with new fascia, paint, and updated landscaping that enhance curb appeal and longevity.
• Upgraded outdoor amenities, featuring secure lighting, designated communal parking, and leisure spaces—perfect for resident comfort and
outdoor enjoyment.
• Conveniently located near shopping, dining, transit, and top-rated schools, this turnkey investment offers immediate rental income potential.
• Property: 6 units- 5 × 2-bed/1-bath, 1 × 2-bed/2-bath, fully updated with exterior and amenity enhancements.
• Glendale Market: Year-over-year rental growth: Apartments.com reports a modest +1.7% increase (~$36/month)
• Opportunity: Leverage renovations and unit scale to capture rent above average and maximize net operating income.

Tenants can walk, bike, or hike to numerous local eateries, cafes, and parks. Glendale, a highly desirable rental market, is home to The Americana, located near Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, hiking, parks, biking, Dodger Stadium, The Rose Bowl, Lakers/Clippers and easy access to the 5 and 134 freeways, and proximity to the Burbank Metro Link and the Burbank Airport.

Listing Agent

Penny Davis

Radius Agent Realty Brokerage Phone: 661-406-2730 License #01313429 Listed on: 07/10/2025

Radius Agent Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,673 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Landscaped
  • Level Lot

Home Design

  • Contemporary Architecture
  • Apartment
  • Slab Foundation
  • Interior Block Wall
  • Membrane Roofing
  • Stucco

Interior Spaces

  • 5,480 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Sliding Doors
  • Panel Doors
  • Entryway
  • Family Room
  • Storage

Kitchen

  • Galley Kitchen
  • Gas Oven
  • Gas Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Walk-In Closet
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • 6 Detached Carport Spaces
  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Vented Exhaust Fan
  • 220 Volts
  • Natural Gas Connected
  • Gas Water Heater
  • Central Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 4481
  • Assessor Parcel Number 5621041007
  • $963 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Near a National Forest
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Dog Park
  • Bike Trail

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Electric Expense $1,059
  • Gardener Expense $1,200
  • Insurance Expense $708
  • Other Expense $275
  • Pest Control $720
  • Trash Expense $5,050
  • Water Sewer Expense $1,059
  • Gross Income $25
  • Net Operating Income $9,596

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Other Phone Description: Guy Arnone
  • Other Phone Number: 310-926-3810
  • Price Per Unit: 516667
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1058.70
  • Zoning: GLR4YY
  • Architectural Style: Contemporary
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5621041007
  • Year Built: 1964
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Block Walls, Ceiling Fan(s), Open Floorplan, Pantry, Storage
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: Panel Doors, Sliding Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 565.69
  • Room Type: Entry, Family Room, Galley Kitchen, Kitchen, Walk-In Closet

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Membrane
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Parking Features: Carport, Detached Carport, Paved, Street
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater Central
  • Electric: 220 Volts, Electricity - On Property, Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community, Gas & Electric Dryer Hookup, Washer Hookup
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer
  • Trash Expense: 5049.80
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Blm/National Forest, Curbs, Dog Park, Foothills, Golf, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street, Lot 6500-9999, Near Public Transit
  • Lot Size Sq Ft: 6673.00
  • Lot Size Acres: 0.1532

Rental Info

  • Garage Rental Rate: 25.00
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Sewer, Telephone, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 640 Square Feet
  • Average2 Bed Area: 850 Square Feet
  • Electric Expense: 1058.70
  • Gross Income: 25.00
  • Gross Scheduled Income: 11543.00
  • Insurance Expense: 708.33
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 175.00
  • Lot Size Area: 6673.0000 Square Feet
  • Net Operating Income: 9595.95
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number Wall A C: 6
  • Number With Carpet: 6
  • Number With Disposal: 1
  • Number With Drapes: 6
  • Number With Patio: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 2147.05
  • Other Expense: 275.00
  • Other Expense Description: Laundry
  • Other Income Description: Locker $25
  • Rent Control: No
  • Total Actual Rent: 11543.00

Tax Info

  • Tax Census Tract: 3015.02
  • Tax Lot: 25
  • Tax Tract Number: 4481
  • TaxOtherAnnualAssessmentAmount: 963.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 For Sale $3,100,000 -- $566 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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