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Glendale, CA 91205 404 Lincoln Avenue

$5,995,000

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Presented By: Albert Babayan with JohnHart Real Estate; 818-469-9388
  • MLS# GD24054330
  • 03/18/2024
  • Request Tour
  • Request Info
  • BedBeds • 30
  • BathBaths • 4
  • FootageSQFT • 13,176
  • GarageGarage • 25

Home Details

Investors Dream! An incredible Residential Income property in Glendale is all that you have been waiting for. All units have a washer/dryer. LOW RENTS, which is a great upside for this investment. This is a well-kept 14 unit building that features a nice secured community parking structure and a controlled accessed entry. The units have wonderful open floorplans with laminate flooring, storage space, plus central AC and Heating. Glendale Unified School District. Amazing location. A short distance from Target, Ralphs, Sprout Farmers Market, In-N-Out Burger and more. Close to the 134 and 2 freeways. Rents are below market 3 bedroom unit was recently rented for $3,100.
Presented By: Albert Babayan with JohnHart Real Estate; 818-469-9388

Interior Features for 404 Lincoln Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Street SuffixAvenue
Total Stories3

Other Rooms

Entry Level1

General for 404 Lincoln Avenue

Additional Parcels Description5680031023
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityGlendale
Community FeaturesStreetLights, Sidewalks
CountyLos Angeles
Days on Market
DirectionsOff Colorado Blvd. In between: Dixon St and Rock Glen Ave
Electric Expense16272.0
Entry Locationstreet
Fuel Expense0.0
Garage Spaces25.0
Garage Y/NYes
Gross Income359874.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense12600.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional
Lot Size Square Feet11905.0
MLS Area628 - Glendale-South of 134 Fwy
MaintenanceExpense2400.0
MobileHomeRemainsYNNo
Net Operating Income258661.0
New ConstructionNo
Operating Expense101213.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameLincoln
Tax Lot33
Total Units14
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1987
Year Built SourceAssessor
ZoningGLR4YY

Exterior for 404 Lincoln Avenue

Building Area Total13176.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.2733
Lot Size Area11905.0
Lot Size SourceEstimated
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters15
Number of Separate Gas Meters15
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesCovered, CommunityStructure
SpaNo
Total Parking25.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $5,995,000
MLS#GD24054330
List Date 03/18/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors