Investment Overview

Marcus & Millichap presents 1431 Street, a 2-unit multifamily investment opportunity located in the Somerset neighborhood of East Glendale. This duplex will allow for future owner-user opportunity or for an investor to capture approximately 41% in rental upside through an interior renovation program. The property has a two-car detached garage in the back that could be converted to an ADU (Buyer to verify). Constructed in 1926, the asset comprises two two-bedroom/one-bathroom units spread across 1,872 square feet. All units have separate meters for gas and electricity and individual water heaters. The property sits on a 5,000 square foot lot and is zoned R2250. Situated just south of Colorado Boulevard and east of Verdugo Road, 1431 Dixon Street is less than 2 miles from The Americana on Brand and less than 1 mile from Eagle Rock Plaza. Both Colorado Boulevard and Verdugo Road are major thoroughfares in Glendale where tenants can find a variety of retail, restaurants, and places of business within these corridors. Commuters are within minutes from the nearest on-ramp to the CA-2 and CA-134 Freeways, offering ease of access to the Eagle Rock, Highland Park, Burbank, Los Feliz, Atwater, Downtown Los Angeles, and all of San Gabriel Valley.