Pending

456 Myrtle ST

GLENDALE CA, 91203

$8,480,000


$415.85 per sqft

Pending

4 Beds

4 Baths

20,392 sqft

Condo

Built in 1989

Nestled in a prime location, this pride of ownership property is offering an exceptional unit mix of 18 spacious two-bedroom / two-bathroom units, with five units featuring an additional den. All units have individual water heater and in-unit washer/dryer. Built in 1989, this property is subject to State Rent Control AB 1482 which allows for 8.8% annual rent increases. Opportunity to legalize three existing ADU 0+1 units offering additional streams of income and maximizing the property's investment potential making it a 21-unit building. Property is equipped with Intercom access and gated secure parking, providing residents with peace of mind and ease of access. **There is an assumable $4M Chase loan at an attractive interest rate of 3.15%, maturing on April 20, 2026.** This meticulously maintained property, coupled with its prime location, attractive unit mix, potential for additional income, and favorable financing options, presents an outstanding investment opportunity in Glendale s vibrant real estate market.

SB24064234MR

MLS ID

April 5, 2024

Listed

May 9, 2024

Updated

Map

456 Myrtle ST
GLENDALE CA, 91203

Interior Features

Total Stories

3


Bedrooms

4


Total Bathrooms

4


Laundry Description

Gas Dryer Hookup, Washer Hookup


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.31 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Glendale-South of 134 Fwy


Days on Market

7


Garage

Yes


Garage Spaces

20


Parking

Garage


Parking Total

20


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

GLR4YY

Listing History

Date

Event

Price

5/1/2024

Pending

4/15/2024

Under Contract

Listed by Olga Wright with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310 606 2076 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Enrique Lizarazu shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 5/9/2024

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