547 South StGlendale, CA 91202

Property Details for 547 South St

Property size (Sq ft)

4,839 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional Glendale, CA multifamily investment opportunity presents a meticulously maintained 5-unit apartment building, ideally suited for an owner-user. The property boasts a substantial 4,839 square feet on a 9,213 square foot lot, zoned R 1650 (Medium High Density Residential). The building comprises a luxurious, extensively remodeled two-bedroom, two-bathroom owner's unit featuring high-end finishes including Santos mahogany floors, a marble fireplace, Caesarstone countertops, Viking appliances, and a Miele dishwasher. Four additional two-bedroom, one-bathroom tenant units are included, with some featuring upgraded kitchens and bathrooms. Amenities include five parking spaces, a laundry room with leased machines, a workshop, and a storage area. Recent upgrades encompass energy-efficient windows, copper plumbing, exterior paint, stairs, decking, and railings. The property's strong financial performance is reflected in its pro-forma NOI of $120,109 and a pro-forma cap rate of 4.39%. The asking price is $2,625,000, translating to a price per square foot of $542.47. The property's prime location north of Glenoaks Boulevard in Glendale (91202), with its APN 5634-026-026, makes it a compelling investment prospect. Offers are subject to inspection; please do not disturb occupants.

Location Insight

City

Glendale

County

Los Angeles

State

California

Latitude

34.1628

Longitude

-118.267

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