515 N Jackson Street 106, Glendale, California 91206, Glendale, 91206 - 1 bed, 1 bath

515 N Jackson Street 106, Glendale, California 91206 home-pic-0
ACTIVE$520,000
515 N Jackson Street 106, Glendale, California 91206
1Bed
1Bath
715Sqft
22,411Lot
Year Built
1975
Close
-
List price
$520K
Original List price
$520K
Price/Sqft
$727
HOA
$475
Days on market
-
Sold On
-
MLS number
GD25031870
Home ConditionFair
Features
Deck
Pool
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $520.0K(22th), sqft - 715(5th), beds - 1(22th), baths - 1(22th).

Begin accumulating wealth by owning instead of renting. If you have a good credit score and are seeking a move-in ready residence with a favorable payment option, this opportunity may be worth considering. Seller financing is available with 20% down payment at an attractive 5% interest rate, resulting in a monthly payment of around $2230 (principal and interest, 30 year amortization due in 7) or around $1730 (interest only) if you are qualified. Loan origination and appraisal fees will be waived, leading to an estimated savings of about $2,000, which can be applied towards the down payment or other closing costs. This first-floor unit, which is over the subterranean parking, includes one bedroom and one bathroom, encompassing 715 square feet of living space and ready for immediate occupancy. Key features include: • Convenient floor plan • Large balcony • Spacious full bathroom with ample cabinet space • Walk-in closet • Central air conditioning and heating • Laminate flooring in the living and dining areas • Carpeted bedroom • One parking space and a storage box in the gated subterranean garage • Elevator & Security entrance to the building • Community pool. The unit is centrally located near major shopping centers in Downtown Glendale, Americana at the Brand and The Glendale Galleria, and within walking distance to various entertainment and dining options on Brand Blvd. Local freeways, including the 134, 2, 5, and 210 are also conveniently accessible, providing quick access to Downtown Los Angeles, Old Town Pasadena, Downtown Burbank and the Bob Hope Airport in the city of Burbank. Also for rent, see CRMLS number GD25094519.

Condition Rating
Fair

Built in 1975, this unit is well-maintained and move-in ready with central air conditioning/heating, updated laminate flooring in living areas, and clean carpet in the bedroom. However, the kitchen features older white appliances, dated cabinets, and laminate countertops, while the bathroom exhibits an older vanity, strip lighting, and dated tile. These key areas are functional but significantly outdated in style and features, requiring substantial cosmetic updates to meet current standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Seller Financing & Financial Incentives: The availability of seller financing at an attractive 5% interest rate with waived loan origination and appraisal fees significantly lowers the barrier to entry and reduces initial costs for qualified buyers.
Prime Location & Walkability: Situated in central Glendale, the property offers exceptional walkability to major shopping centers like Americana at the Brand and Glendale Galleria, diverse dining, and entertainment options on Brand Blvd.
Excellent Commuter Access: Convenient access to major freeways (134, 2, 5, 210) provides quick and easy commutes to Downtown Los Angeles, Pasadena, Burbank, and Bob Hope Airport.
Desirable Building Amenities & Security: The building features a community pool, elevator access, a secure entrance, and gated subterranean parking with a dedicated space and storage, enhancing lifestyle and security.
Move-in Ready with Key Unit Features: The unit is ready for immediate occupancy, includes central air conditioning and heating, a large balcony, and a walk-in closet, offering comfort and practical living spaces.

Cons

High Association Fees: The monthly association fee of $475.00 is relatively high for a 715 sqft one-bedroom unit, adding a substantial recurring cost to homeownership.
First-Floor Unit & No View: As a first-floor unit located above subterranean parking, it may offer less privacy and potentially more noise, compounded by the explicit lack of any desirable view.
Building Age: Constructed in 1975, the building is approaching 50 years old, which could imply potential for future maintenance assessments or a need for updates to common areas.

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