3644 Stancrest DrGlendale, CA 91208

Property Details for 3644 Stancrest Dr

Year built

1953

Property size (Sq ft)

3,029 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 4-unit apartment building presents a compelling investment opportunity in Glendale, California. Located at 3644 Stancrest Dr, 91208, this property boasts a total of approximately 3,029 square feet on an 8,669 square foot lot. The asking price is $1,725,000, representing a price per unit of $423,750 and a price per square foot of $559.59. The property features a charming 2-bedroom, 2-bathroom front house with central air conditioning and a private yard. The rear section contains three additional units, originally configured as one 1-bedroom, 1-bathroom unit and two studios. The studios could be easily recombined to restore the original layout. Currently fully occupied, the property generates a strong net operating income (NOI) of $85,193, resulting in a 5.03% cap rate. Built in 1953, this well-maintained property is situated in a highly desirable location, just blocks from Montrose Village and within a blue-ribbon school district. This makes it ideal for both owner-users seeking a multi-family residence and savvy investors looking for a strong return on investment. The property's location, strong cash flow, and potential for future appreciation make it a truly remarkable opportunity in the competitive Los Angeles County market. The Los Angeles County Assessor's Parcel Number (APN) is 5613-003-028.

Location Insight

City

Glendale

County

Los Angeles

State

California

Latitude

34.2044

Longitude

-118.221

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].