411 Naranja Drive, Glendale, CA 91206

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Property Description

PRICE REDUCED!!! We are pleased to present 411 Naranja Drive a seven (7) unit multifamily investment opportunity located in prime Glendale. The wood frame stucco building consists of 5,161 square feet of living area and is situated on a 7,644 square foot lot zoned GLR1650. ASSUMABLE FINANCING! The property contains assumable financing provided by JP Morgan Chase Bank for an approved Buyer--rate of 3.37% fixed until February 1st, 2027! Ask Agent for details. The property features: One (1) Two Bedroom / One Bath unit ("Owner's Unit") and Six (6) One Bedroom / One Bath units. All units are individually metered for both gas and electricity. Further, the property consists of six (6) covered parking spaces for the tenants with the ability to park several more cars in tandem. The Two Bedroom unit has been renovated with new wood floors throughout in addition to an updated bathroom and kitchen. The remaining spacious one-bedroom units have undergone some renovations as well. Two of the units upstairs enjoy private balconies that overlook the beautifully landscaped courtyard. This asset has been meticulously cared for by the current owner who takes great pride in his buildings. The front driveway, which includes the open and covered parking spots was recently resurfaced as well. The property is located within an excellent pocket of Glendale. Tenants can enjoy being a short distance from Piedmont Park in addition to the shops and restaurants of Downtown Glendale. The property is also located close to Glendale Adventist Hospital and the 2 and 134 Freeways.


Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type Wall/Window Unit(s)

Listing Information

Address 411 Naranja Drive
City Glendale
State CA
Zip 91206
County Los Angeles
Listing Agent Derrick Vartanian DRE #01816119
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Close Price $2,400,000
Status Closed
Type Residential Income
Structure Size N/A
Lot Size 7,646
Year Built 1958

Listing information courtesy of: Derrick Vartanian, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of May 8th, 2024 at 10:16 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.