501 Hill Drive

    Glendale, CA 91206
    • $1,795,000
    • STATUS: Active Under Contract
    • ON SITE: 78 days
    • ID#: 18392010
    Under Contract
    UPDATED: 53 min ago
    $1,795,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,368
      SQFT
    • $411
      $/SQFT
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    We are pleased to present 501 Hill Drive - a 4 unit multifamily investment opportunity located in Glendale, CA. The building was constructed in 1927 and extensively renovated in 2018. The property consists of 4,368 square feet of living on a large 9,485 square foot lot zoned R-2250. The unit mix features four very spacious Two Bedroom / One Bath units, including large living areas, formal dining rooms, and separate utility areas with washer/dryer hookups. The building was recently updated with 100% copper plumbing and a newer roof. The exterior of the building was recently painted and updated with all new windows. 3 out of the 4 units have been extensively remodeled with new, high-quality kitchen cabinets and designer materials including engineered floor tiles, beautiful backsplashes, brand new appliances, and new quartz countertops. The water heaters and the heating systems were replaced in all of the renovated units. Newly landscaped property with drought-resistant plants/irrigation

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    Based on information from CARETS as of 2018-12-19T06:47:04.1. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/88124398

    501 Hill Drive Glendale, CA 91206

    • Price: $1,795,000
    • Status: Active Under Contract
    • Updated: 53 min ago
    • ID#: 18392010
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    4,368
    SQFT
    $411
    $/SQFT
    1927
    Built
    Neighborhood:
    Glendale-Chevy Chase/E. Glen Oaks (624)
    County:
    Los Angeles
    Area:
    Glendale-Chevy Chase/E. Glen Oaks (624)
    Property Description
    We are pleased to present 501 Hill Drive - a 4 unit multifamily investment opportunity located in Glendale, CA. The building was constructed in 1927 and extensively renovated in 2018. The property consists of 4,368 square feet of living on a large 9,485 square foot lot zoned R-2250. The unit mix features four very spacious Two Bedroom / One Bath units, including large living areas, formal dining rooms, and separate utility areas with washer/dryer hookups. The building was recently updated with 100% copper plumbing and a newer roof. The exterior of the building was recently painted and updated with all new windows. 3 out of the 4 units have been extensively remodeled with new, high-quality kitchen cabinets and designer materials including engineered floor tiles, beautiful backsplashes, brand new appliances, and new quartz countertops. The water heaters and the heating systems were replaced in all of the renovated units. Newly landscaped property with drought-resistant plants/irrigation
    Exterior Features

    Parking Spaces Total 4 Parking Type Garage - 4+ Doors

    Interior Features

    Cooling Type Other Heating Type Wall Heater Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 2 Unit Number Of Bed03 2 Unit Number Of Bed04 2

    Property Features

    Adjusted Gross Income 111420.00 Assessed Improvement Value 157331.00 Assessed Land Value 923601.00 Cap Rate 4.29 Country United States Of America Expense Total Annual 31150.00 Gross Operating Income 108077.00 Gross Rent Multiplier 16.11 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 76927.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 1995.00 Unit Monthly Rent02 2395.00 Unit Monthly Rent03 2500.00 Unit Monthly Rent04 2395.00 Unit Projected Total Monthly Rent01 2500.00 Unit Projected Total Monthly Rent02 2500.00 Unit Projected Total Monthly Rent03 2500.00 Unit Projected Total Monthly Rent04 2500.00 Unit Total Monthly Rent01 1995.00 Unit Total Monthly Rent02 2395.00 Unit Total Monthly Rent03 2500.00 Unit Total Monthly Rent04 2395.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Units Total In Complex 4 Zoning R-2250 (Buyer To Verify)

    Listing provided courtesy of Derrick Vartanian DRE#01816119 of Keller Williams Silicon Beach and Jonathan Prakash CA DRE# 01483131 of .


    Based on information from CARETS as of 2018-12-19T06:47:04.1. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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    25101 The Old Road
    Santa Clarita CA, 91381