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Multifamily Property Sold for $3,400,000!


1044 Linden Avenue
Glendale, CA 91201

Randy Stevenson and Kris Hons represented the seller in the sale of this very well maintained, eight unit multifamily property in the Grandview neighborhood of Glendale; the property is comprised of eight 2+2 units of approximately 1,000 square feet each (8,000 square feet per Assessor on 7,926 square feet of land); the building was constructed in 1985; the units are separately metered for gas and electricity; new central hot water heater in 2018; new laundry machines (Speed Queen) in 2020; generous upside in rents; semi-subterranean parking garage striped for fourteen parking spaces, but there are two additional, parallel spaces that have been demarcated and are used by the tenants; all eight central HVAC units were replaced in the last twelve months; roof replaced in 2020; new elastomeric deck system installed in 2020; sewer connection in the public right-of-way has been replaced; four units upgraded in terms of flooring, countertops and cabinetry; located just south of Glenoaks Boulevard and east of Alameda Avenue near Downtown Burbank; less than 1/3 of a mile to Trader Joe’s and Walgreens; 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.