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114 Franklin Court Glendale, CA 91205

  • 14 Bed
  • 17 Bath
  • 10,167 sqft
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Residential-Active $ 5,695,000

MLS#: 818000583

Courtesy of: Casey Picard, Keller Williams Realty

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Description

We are pleased to present the opportunity to acquire this multifamily portfolio located in the Heart of Glendale. With the properties proximity to many of Glendales premium amenities, the site will garner above market rent for any new investor looking to increase their current cash flow. Within the past two years, the portfolio has undergone a major capital renovation plan that will allow a new owner to raise rents without the headache of construction.The offering is a portfolio of four adjacent parcels with huge upside. Consisting of two duplexes, a five unit, and eight unit apartment buildings, the acquisition allows for a multitude of financing options. Included in the portfolio is a unit mix consisting of (1)- 2 bed / 1 bath SFR, (4)- 1 bed / 1 bath SFR, (8)- 1 bed / 1 bath, and (4)- studio / 1 bath units. Currently, two of the five garage spaces are being leased for $250 per month, allowing a future owner to yield an increased income stream through the rental of the spaces. In addition, the site maintains a total parking count of 28 spaces which include (4)- single garage and (1)-two car garage.

Specifications


    Listing, Location and Property Info


  • 8628787.88
  • 560.15
  • 126
  • 628 - Glendale-South of 134 Fwy

    General Property Information


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  • 28570
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  • Detached

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