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Multifamily

353 W Garfield Ave

353 W Garfield Ave, Glendale, CA 91204

Listing Price: $1,100,000

Number of Units
2
GRM
61.73
Price/Unit
$550,000
Price/Gross SF
$733.33
Gross SF
1,500

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to purchase 353 W. Garfield Ave., a duplex located in the Pacific-Edison neighborhood of southwest Glendale. Available for the first time in 37 years, this opportunity is the perfect for an owner user or for an investor looking to purchase a multifamily property in a great neighborhood of Glendale.
Built in 1922, the property spans roughly 1,500 square feet and is comprised of a 2Bed/1Bath house in the front and a separate 1Bed/1Bath in-law unit in the rear. There are two hand-built storage sheds on the property and ample space between the two structures for a garden, sitting area, or any other future amenity for the property and tenants. There is minimal landscaping, both units are individually metered for gas and electricity, and the plumbing is copper. The roof was replaced 9 years ago and the HVAC was replaced 1 year ago.
Located west of Central Ave, 353 W. Garfield Ave. is located near the northwest corner of Garfield Ave and Columbus Ave. It is within proximity to three of Glendale’s main thoroughfares which are San Fernando Rd., Central Ave, and Brand Blvd. Residents of this property are within walking distance to multiple bus stops located on Pacific and San Fernando as well as Edison Elementary School and Roosevelt Middle School. The area is filled with many restaurants, retail shops, and businesses. It also provides tenants with ease of access to larger retail centers located at Glendale Galleria, The Americana of Glendale, and the Los Feliz Shopping Center. The property is within a short distance to the 134 and 5 Freeways will provide tenants with an easy commute to nearby neighborhoods such as Burbank, Eagle Rock, Los Feliz, Downtown Los Angeles, Pasadena, and all areas of San Ferando Valley.

Investment Highlights

  • Excellent Owner/User Opportunity
  • 2 Bedroom/1 Bathroom House and 1 Bedroom/1 Bathroom Unit at Rear
  • Landlord Friendly City – Glendale is Subject to AB1482 and Allows Higher Rental Increase Amounts than the City of Los Angeles
  • Within Walking Distance from Metro & Glendale Bee Line Bus Stops
  • 7 Blocks from Glendale Galleria & The Americana

Exclusively Listed By

Multifamily

353 W Garfield Ave

Listing Price: $1,100,000

Number of Units
2
GRM
61.73
Price/Unit
$550,000
Price/Gross SF
$733.33
Gross SF
1,500

Investment Highlights

  • Excellent Owner/User Opportunity
  • 2 Bedroom/1 Bathroom House and 1 Bedroom/1 Bathroom Unit at Rear
  • Landlord Friendly City – Glendale is Subject to AB1482 and Allows Higher Rental Increase Amounts than the City of Los Angeles
  • Within Walking Distance from Metro & Glendale Bee Line Bus Stops
  • 7 Blocks from Glendale Galleria & The Americana

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to purchase 353 W. Garfield Ave., a duplex located in the Pacific-Edison neighborhood of southwest Glendale. Available for the first time in 37 years, this opportunity is the perfect for an owner user or for an investor looking to purchase a multifamily property in a great neighborhood of Glendale. Built in 1922, the property spans roughly 1,500 square feet and is comprised of a 2Bed/1Bath house in the front and a separate 1Bed/1Bath in-law unit in the rear. There are two hand-built storage sheds on the property and ample space between the two structures for a garden, sitting area, or any other future amenity for the property and tenants. There is minimal landscaping, both units are individually metered for gas and electricity, and the plumbing is copper. The roof was replaced 9 years ago and the HVAC was replaced 1 year ago. Located west of Central Ave, 353 W. Garfield Ave. is located near the northwest corner of Garfield Ave and Columbus Ave. It is within proximity to three of Glendale’s main thoroughfares which are San Fernando Rd., Central Ave, and Brand Blvd. Residents of this property are within walking distance to multiple bus stops located on Pacific and San Fernando as well as Edison Elementary School and Roosevelt Middle School. The area is filled with many restaurants, retail shops, and businesses. It also provides tenants with ease of access to larger retail centers located at Glendale Galleria, The Americana of Glendale, and the Los Feliz Shopping Center. The property is within a short distance to the 134 and 5 Freeways will provide tenants with an easy commute to nearby neighborhoods such as Burbank, Eagle Rock, Los Feliz, Downtown Los Angeles, Pasadena, and all areas of San Ferando Valley.

Exclusively Listed By

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