601 Alexander St, Glendale, CA 91203

601 Alexander St, Glendale, CA 91203

Glendale, CA
$1,000,000

Property Description

BUILT IN 1941

TRIPLEX INVESTMENT PROPERTY

THREE SINGLE-CAR GARAGES

VINEYARD NEIGHBORHOOD

1-BEDROOM /1-BATH UNITS

NON-CONFORMING STUDIO UNIT

Charming value-add triplex investment property located in the Vineyard neighborhood of Glendale. The single-story triplex, built in 1941, offers a total of 1,575 square feet of living space, with each offering 525 square feet on average. The building features three 1-bedroom /1-bath units, which are currently occupied by long term tenants. There is also a non-conforming studio unit behind the garage that is being held vacant (requires plumbing repairs). The property offers three single-car garages along with three uncovered parking spaces, one per each unit. 601 Alexander St sits on a 0.13 Acre R4 zoned lot, and with ~105% upside on the current rents, it is a prime value-add opportunity in a fantastic SoCal rental market!

Property Features

  • Sale Price: $1,000,000
  • Area Size: 5,638 sq ft lot
  • Year Built: 1941
  • Units: 3

Lyon Stahl Investment Real Estate

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