Glendale, CA 91205 412 Fischer Street

Sold: Apr 30, 2024
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Presented By: Shant Sherbetdjian with Remax Commercial and Investment Realty;
  • MLS# 24362049
  • 02/26/2024
  • Request Tour
  • Request Info
  • BedBeds • 15
  • BathBaths • 13
  • FootageSQFT • 6,492

Home Details

We are thrilled to present an exclusive opportunity - a remarkable 7-unit building now available for sale after 36 years. Built in 1986, this building features spacious 2 & 3-bedroom units, situated in the highly sought-after Glendale area, with minimal to no vacancy rates. Comprising the 7 units are: (ONE) 3 Bed + 2.5 Bath townhome-style unit; (FOUR) 2 Bed + 2 Bath units; and (TWO) 2 Bed + 1 Bath units. This presents a promising value-add opportunity, with separate metering for gas and electricity along with Central Air Conditioning. Tenants benefit from the convenience of washer and dryer hook-ups in select units, supplemented by an additional laundry room in the common area equipped with leased laundry equipment. The property features an updated roof, secured parking, and entry offering 13 covered spaces, complemented by private storage rooms for all units. Furthermore, the current CHASE Loan offers an assumable 3.28% interest rate, fixed until May 1, 2026 (interested parties are encouraged to contact the listing agent for further details).Conveniently located near the retail corridor of E. Colorado Blvd., Glendale High School, Shopping Centers, and Windsor Park, this property presents an ideal opportunity with promising rental upside potential while adhering to Glendale's Rent Ordinance.
Presented By: Shant Sherbetdjian with Remax Commercial and Investment Realty;

General for 412 Fischer Street

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityGlendale
Close Price2700000.0
CoolingCentralAir
CountyLos Angeles
Days on Market25
DirectionsThis fantastic investment opportunity is located in a prime area of Glendale, and is Eagle Rock adjacent. It sits on Fisher Street between East Colorado Blvd and East Maple St. The nearest major inter
Garage Y/NNo
Gross Income139920.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7452.0
MLS Area628 - Glendale-South of 134 Fwy
MobileHomeRemainsYNNo
Net Operating Income70023.0
New ConstructionNo
Occupancy DescriptionTenant
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusClosed
StatusClosed
Stories2
Street NameFischer
Tenant PaysCableTV, Electricity, Gas
Total Units7
View Y/NNo
Waterfront Y/NNo
Year Built1986
ZoningGLR4YY

Interior for 412 Fischer Street

1/4 Baths
3/4 Baths
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Full Baths0
Half Baths0
Heating Y/NNo
Street SuffixStreet
Total Baths13
Total Bedrooms15
Total Stories2

Exterior for 412 Fischer Street

Building Area Total6492.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50x150
Lot Size Acres0.1711
Lot Size Area7452.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCovered
SpaNo
Total Parking13.0

Additional Details

Price History

1527188455

First Team Client Services

Price $3,145,000
MLS#24362049
List Date 02/26/2024
Property Type Multi-Family
Phone 714.964.3311
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