Property Detail

Description

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, cafés, 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.