456 Myrtle Street Glendale, CA 91203
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site53 Days
- MLS StatusPending
- MLS ID NumberSB24064234
- Home Size Source N/A
- Year Built1989
- Lot Size0.3112 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking CoveredGarageOn Site
- Parking Spaces 20
- Sewer Public Sewer
- Number of Stories Three Or More3
- Acreage 0.3112
- Water Public
- Property Sub Type Apartment
- Garage Spaces 20
- Zoning GLR4YY
- Listing Conditions Standard
Interior Features
- Heating Wall Furnace
- Laundry Features Gas Dryer HookupWasher Hookup
Exterior Features
- Pool Features None
- Lot Rectangular Lot
Community Features
- Association Dues 0
- Community Features CurbsSidewalksUrban
- Senior Community No
- MLS Area 628 - Glendale-South of 134 Fwy