Pending

456 Myrtle Street

Glendale CA, 91203

$8,480,000


$415.85 per sqft

Pending

20,392 sqft

Condo

Built in 1989

Listed by Olga Wright with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

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.

SB24064234

MLS ID

April 5, 2024

Listed

May 25, 2024

Updated

Map

456 Myrtle Street
Glendale CA, 91203

Interior Features

Total Stories

3


Laundry Description

Washer Hookup, Gas Dryer Hookup


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.31 Acres


Lot Features

Rectangular Lot


Sewer

Public Sewer

Other Property Details

Area Name

628 - Glendale-South of 134 Fwy


Days on Market

7


Garage

Yes


Garage Spaces

20


Parking

Covered, Garage, On Site


Parking Total

20


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

GLR4YY


Buyer Agency Compensation

1.25%

Listing History

Date

Event

Price

5/1/2024

Pending

4/15/2024

Under Contract

Listing Contact: 310-425-9838 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:52 AM UTC

 

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