Sold
4419 Pennsylvania Avenue
Glendale CA, 91214
$4,300,000
$399.11 per sqft
Sold
10,774 sqft
Residential
Built in 1962
Listed by Chris Keramati with Triqor Group 949-756-3232
We are pleased to present the Penn Plaza Apartments, a 13-unit apartment building in North Glendale. The property is comprised of thirteen two-bedroom units equipped with wall A/C units, gas wall heaters, ceiling fans, and carport parking. Most units have been upgraded with granite countertops and laminate wood flooring. Additionally, the property features a combination of tuck-under and carport parking. This is a well-kept building in a unique location of Glendale. With nearly 50% upside in rental income, this deal offers the opportunity for an investor to achieve over a 6% Cap Rate on market rents.
PW22159796
MLSⓇ ID
July 20, 2022
Listed
March 23, 2024
Updated
Map
4419 Pennsylvania Avenue
Glendale CA, 91214
Interior Features
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.34 Acres
Lot Features
Rectangular Lot
Sewer
Public Sewer
Other Property Details
Area Name
635 - La Crescenta/Glendale Montrose & Annex
Days on Market
91
Garage
No
Parking Total
0
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
GLR3YY
Buyer Agency Compensation
2%
Listing Contact: 949-756-3232
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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.
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Data last updated on 3/23/2024 at 1:42 AM UTC