720 W California Avenue, Glendale, California 91203, Glendale, 91203 - bed, bath
ACTIVE$1,600,000
720 W California Avenue, Glendale, California 91203
0Bed
0Bath
1,736Sqft
5,590Lot
Year Built
1923
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$922
HOA
-
Days on market
-
Sold On
-
MLS number
GD24189164
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.60M(50th), sqft - 1736(50th), beds - undefined(50th), baths - undefined(50th).
Attention investors! Welcome to 720 W California Ave in the vibrant city of Glendale! This triplex, which includes an additional studio unit, offers a total of 4 rental units. The property features: - One 2-bedroom, 1-bath unit - Two 1-bedroom, 1-bath units - One studio unit with a full bath Conveniently located just a short drive from Downtown Glendale, as well as the 134 and 5 freeways, and close to Griffith Park with its hiking trails, parks, and horse trails. This is an exceptional investment opportunity—don’t let it pass you by!
Condition Rating
Poor
The property was built in 1923, making it over 100 years old. While the exterior shows some signs of upkeep, such as updated windows and visible AC units, there are no interior images provided. The complete absence of photos for kitchens and bathrooms, especially for an investment property of this age, strongly suggests these critical areas are significantly outdated and likely require substantial repairs and rehabilitation to meet modern standards or attract quality tenants. The property's age and the lack of interior updates indicate a need for major renovation rather than minor cosmetic changes.
Pros & Cons
Pros
Multi-Unit Investment: The property offers four distinct rental units (one 2-bed, two 1-bed, one studio), providing diversified income streams for investors.
Prime Glendale Location: Situated in the vibrant and desirable city of Glendale, enhancing tenant demand and long-term property value.
Excellent Accessibility: Conveniently located a short drive from Downtown Glendale and major freeways (134 and 5), ensuring easy commutes for residents.
Recreational Proximity: Close to Griffith Park, offering tenants access to extensive hiking trails, parks, and outdoor activities.
Strong Investment Appeal: Explicitly marketed as an 'exceptional investment opportunity' in a high-demand urban area.
Cons
Historic Property Age: Built in 1923, suggesting potential for significant capital expenditures on deferred maintenance, systems upgrades, or modernization.
Absence of Financial Data: The listing lacks critical information on current rental income, occupancy rates, or lease terms, hindering comprehensive investment analysis.
Rent Control & Regulatory Risks: As an older multi-unit property in Glendale, it is likely subject to rent control and other tenant protection laws, potentially limiting income growth and management flexibility.