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MULTIFAMILY PROPERTY FOR SALE $2,800,000

November 27, 2022
8 Units; 5,004 SF of Building on 15,406 SF of Land
231 – 235 East Valencia Avenue
Burbank, CA 91502
Brochure
Wonderful opportunity to acquire two (2) well maintained single-story, courtyard-style four (4) unit buildings situated on two (2) separate parcels in Burbank; each building is comprised of one (1) two (2) bedroom, one (1) bathroom unit and three (3) one (1) bedroom, one (1) bathroom units; all tenants are month-to-month; one (1) one (1) bedroom, one (1) bathroom unit will be vacant at the close of escrow; the buildings were constructed in 1946; the units are separately metered for gas and electricity; individual hot water heaters and laundry hook-ups in each of the units; generous upside in rents; parking is eight spaces in eight single-car, closed garages off the alley; copper plumbing throughout; all windows replaced; hip roofs; some units upgraded in terms of flooring, countertops and cabinetry; located just south of Glenoaks Boulevard and east of Verdugo Avenue only 1/2 mile from Downtown Burbank; for more information, contact Randy Stevenson x155 or Kris Hons x127 at (818) 956-7001. Randy Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Stevenson Real Estate Services DRE #: 00983560.

MULTIFAMILY PROPERTY FOR SALE $2,950,000

November 26, 2022
5 Units; 4,839 SF of Building on 9,213 SF of Land
547 South Street
Glendale, CA 91202
Brochure
Outstanding opportunity for an owner-user to purchase a property in immaculate condition located north of Glenoaks Boulevard. The property consists of five (5) units including a two bedroom/two bathroom owner’s unit and four (4) two bedroom/one bathroom units. The owner’s unit has been extensively remodeled with high-end finishes: Santos mahogany solid hardwood floors, plantation shutters and solid wood crown molding throughout the unit; the living room has an Italian marble gas fireplace; the kitchen has Caesarstone countertops, custom, solid-wood maple cabinets, Travertine backsplash, Italian glazed porcelain floor tile and base molding trim, heated floor, Viking professional series range and hood and Miele dishwasher; built-in closets in each of the bedrooms; primary bathroom has a large air jet bathtub, tempered glass, double-slider tub enclosure, solid wood cherry cabinets, two (2) recessed medicine cabinets, Caesarstone countertop with makeup station, Italian glazed porcelain floor and wall tile with base molding trim and chrome Hansgrohe Axor fixtures; guest bathroom has a large walk-in shower with solid corner built-in bench, Caesarstone countertop, tempered glass shower door, solid wood cherry cabinets, recessed medicine cabinet, Italian glazed porcelain floor and wall tile and base molding trim and chrome Hansgrohe Axor fixtures; high-end audio/video system with nine (9) Bowers & Wilkins speakers and one Definitive Technology in-wall subwoofer, all audio/video components installed in a separate, ventilated hallway closet controlled by a programmable radio frequency (RF) remote control; solid wood maple cabinets in hallway; private patio with glazed porcelain floor tile and base molding trim and a separate gas line; recessed lighting throughout; central heating and air conditioning; 5/8″ paperless soundproof drywall throughout; Miele washer and dryer; Noritz tankless hot water heater. The entire property has energy efficient vinyl, dual-pane windows; copper pipes installed from city water meter to building (including all units) and laundry room; newer stairs, decking, and railings at the front and the back of the building, concrete driveway and parking area; laundry room on site with leased machines; 5 carports; building and carports recently painted; one (1) workshop and one (1) storage area under staircase. One (1) unit has been upgraded with Caesarstone countertops and porcelain floor and wall tile; two (2) units have been upgraded with custom built-in, solid oak wood kitchen cabinets and Caesarstone countertops. PLEASE DO NOT DISTURB OCCUPANTS. OFFER SUBJECT TO INSPECTION. For more information, contact Randy Stevenson x155 or Kris Hons x127 at (818) 956-7001. Randy Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Stevenson Real Estate Services DRE #: 00983560.

RETAIL PROPERTY FOR SALE $2,800,000

November 25, 2022
1266 South Glendale Avenue
Glendale, CA 91205
Brochure
Outstanding opportunity for an owner-user; the property is 4,080 square feet of building and is comprised of two (2) structures: the larger building is approximately 3,360 square feet and currently has two (2) tenants; the second structure is an approximately 720 square foot restaurant with additional covered, outdoor seating; all tenants are currently month-to-month; the property is situated on a large 12,179 square foot lot with excellent visibility at the corner of Glendale Avenue and Cypress Street; great opportunity for building signage and potential use of the existing pole sign (Buyer to verify); currently striped for twelve (12) parking spaces; less than 1/2 mile to Glendale Memorial Hospital; for more information, contact Randy Stevenson x155 or Kris Hons x127 at (818) 956-7001. Randy Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Stevenson Real Estate Services DRE #: 00983560.

Wholesale prices rose 0.2% in October, less than expected, as inflation eases

November 15, 2022

Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported Tuesday. Full Story

Consumer Prices Rose Less Than Expected

November 10, 2022
The index increased 0.4% for the month and 7.7% from a year ago. Estimates were for rises of 0.6% and 7.9%. Full Article

Fed delivers big rate hike, signals possible smaller increases ahead

November 02, 2022

The Federal Reserve raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signaled future increases in borrowing costs could be made in smaller steps.  Full Story

OFFICE/RETAIL PROPERTY FOR SALE $2,650,000

November 01, 2022
4612 – 4614 San Fernando Road
Glendale, CA 91204
Outstanding 2,665 square foot office/retail building in Glendale along the San Fernando Road corridor with 7 parking spaces, plus an approximately 2,400 square foot, fenced yard. Previously a contractor’s office with yard, but well suited to a wide range of other uses. Originally constructed in 1917, but completely renovated in the early 1980s including new windows, doors, drywall, wiring, electric panels, and plumbing. Attractive, two-story, wood-frame construction with brick veneer and a gable roof with dormer windows. An interior stairwell connects the 1st and 2nd floors for a single user, or close the door to accommodate two tenants: 1,465 square foot ground floor; 1,200 square foot 2nd floor. Separately metered for gas and electricity. The ground floor HVAC unit was replaced in 2012. The upstairs HVAC unit was replaced in 2022. The roof was replaced in 2013. The property has been well maintained and is in good condition. The property is currently leased to one tenant on a month-to-month basis. For more information, contact Steve at office: 818.956.7001 x162 or cell: 818.621.8245; Stephen M. Baker DRE #: 00981810; Stevenson Real Estate Services DRE #: 00983560.

RETAIL PROPERTY SOLD FOR $1,237,500!

October 31, 2022

2435 – 2439 East Colorado Boulevard
Pasadena, CA 91107
Kris Hons and Randy Stevenson represented the seller and buyer in the sale of this retail property located just east of Sierra Madre Boulevard in the City of Pasadena. The property is deemed to be a total of 3,198 square feet of building on 8,129 square feet of land. The zoning is ECSP-CG-5-AD-2. For more information, contact Kris x127 or Randy x155 at (818) 956-7001. Kris Hons DRE #: 01807261. Randy Stevenson DRE #: 01228475. Stevenson Real Estate Services DRE #: 00983560.

OFFICE PROPERTY FOR SALE $4,750,000

October 22, 2022
9116 Sunland Boulevard
Sun Valley, CA 91352
High image professional office building built in 2003! The property is two levels and 14,631 SF of building on 36,527 SF of land. Currently occupied by two separate tenants and suitable for owner/users or investors, the property features beautiful interior and exterior finishes, 46 striped parking spaces (over 3 spaces/1,000 SF), an elevator, multi-tenant metering, balcony walkways, and approximately 170 feet of frontage on Sunland Boulevard! This is a tremendous opportunity for a corporate headquarters or a variety of other uses. Conveniently located between Burbank and Shadow Hills near the 5 Freeway with easy access to the 210 Freeway. PLEASE DO NOT DISTURB OCCUPANTS. CALL BROKER TO SCHEDULE A TOUR. For more information, contact Patrick Long at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.

MULTIFAMILY PROPERTY FOR SALE $1,500,000

October 21, 2022
1213 Mariposa Street
Glendale, CA 91205
Five (5) units; small multifamily property available just north of Adams Hill; the property consists of one (1) 3 bedroom/1 bathroom house, one (1) 1 bedroom/1 bathroom, three (3) studios (one of which is in a detached structure) and an unpermitted unit in a converted garage; significant amount of upside in rental income; the interior of the detached studio has been completely demolished and is ready to be rebuilt; great opportunity to improve and reposition the entire property; 2,958 square feet of building on 7,550 square feet of land; built in 1912/1923; 1 tandem parking space; please do not go on the property or disturb the tenants; submit offer subject to inspection. For more information, contact Randy Stevenson x155 or Kris Hons x127 at (818) 956-7001. Randy Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Stevenson Real Estate Services DRE #: 00983560.