Property Description

We are pleased to present 411 Naranja Drive a seven (7) unit multifamily investment opportunity located in prime Glendale. The wood frame stucco building consists of 5,161 square feet of living area and is situated on a 7,644 square foot lot zoned GLR1650. ASSUMABLE FINANCING! The property contains assumable financing provided by JP Morgan Chase Bank for an approved Buyer. The loan amount is approximately $1,547,087 with a rate of 3.37% fixed until February 1st, 2027! The property features: One (1) Two Bedroom / One Bath unit (“Owner’s Unit”) and Six (6) One Bedroom / One Bath units. All units are individually metered for both gas and electricity. Further, the property consists of six (6) covered parking spaces for the tenants with the ability to park several more cars in tandem. The Two Bedroom unit has been renovated with new wood floors throughout in addition to an updated bathroom and kitchen. The remaining spacious one-bedroom units have undergone some renovations as well. Two of the units upstairs enjoy private balconies that overlook the beautifully landscaped courtyard. This asset has been meticulously cared for by the current owner who takes great pride in his buildings. The front driveway, which includes the open and covered parking spots was recently resurfaced as well. The property is located within an excellent pocket of Glendale. Tenants can enjoy being within walking distance from Piedmont Park in addition to the shops and restaurants of Downtown Glendale. The property is also located close to Glendale Adventist Hospital and the 2 and 134 Freeways.