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$ 4,240,000
$ 4,275,000 0.8%
Est. payment /mo
Sold on 06/17/2025
125 E Fairview Avenue Glendale, CA 91207
5 Beds
UPDATED:
Key Details
Sold Price $4,240,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR25094328
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
Property Description
The building was built in 1986 with great floorplan of 10,295 sq ft over subterranean parking. The asset incorporates Central AC, gated access control and parking, and private balconies. A remarkable unit mix of (1) 3+2.5 approx 1,600 sq ft townhouse style unit with washer dryer inside the unit, and the remaining (8) units are all 2+2 with spacious floor plans. There is a significant rental upside due to the location, size and quality of the offering. Rarely is there turnover, the area feels like a historical vacancy-proof pocket. The current ownership has done a great job of managing the asset, recently replacing the roof, replacing all 9 AC units, replacing the garage gate along with motor and sensors and currently upgrading the intercom system to a Akuvox X912 with a C313W-2 in apartment touch screen audio and video display. Situated in the most sought-after part of Glendale, the 91207 zip code median home price is $1,800,000. Tenants enjoy the ability to walk to Trader Joes Coffee Bean, Walgreens in addition to a plethora local shops, cafes, eateries and services. 1 block away is the posh Mya rooftop restaurant and lounge which over looks the citys skyline. There are also several school options within walking distance as well. Brand Boulevard, the cross street named after the citys founder, is a host to major cooperate headquarters like New York Life & Service Titan along with others who employee several thousands. 1 mile from the subject property, tenants are at one of Los Angeless premier dining & shopping destinations, the Americana at Brand. Brand Boulevard has seen
Location
State CA
County Los Angeles
Zoning Assessor
Exterior
View Y/N No
Building
Story 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Levon Alexanian Keller Williams World Media Center
Bought with Vahe Parsekhian Americana Real Estate Services
Bought with Vahe Parsekhian Americana Real Estate Services