812 W Glenoaks Boulevard, Glendale, California 91202, Glendale, 91202 - bed, bath
ACTIVE$1,350,000
812 W Glenoaks Boulevard, Glendale, California 91202
0Bed
0Bath
2,645Sqft
5,958Lot
Year Built
1948
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$510
HOA
-
Days on market
-
Sold On
-
MLS number
RS25079594
Home ConditionGood
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
We found 3 Cons,5 Pros. Rank: price - $1.35M(25th), sqft - 2645(75th), beds - undefined(50th), baths - undefined(50th).
A charming and well maintained Triplex available in Glendale. The property consists of two 2 bedroom, 1 bath units and one 1 bedroom, 1 bath plus a 3-car garage. Major components of the property have been updated including all 3 electrical subpanels, plumbing and sewerline, roof, and a low maintenance yard and exterior. Each unit is spacious with lots of windows making the units bright and airy, updated restrooms, in-unit laundry, dedicated water heaters, and more. The mindful updates paired with excellent tenants has the property performing with low overhead making this an excellent investment.
Condition Rating
Good
Despite being built in 1948, this triplex has undergone extensive and recent renovations, including updated electrical subpanels, plumbing, sewer line, and roof. The images reveal fully modernized kitchens with white shaker cabinets, stainless steel appliances, and subway tile backsplashes, as well as updated bathrooms with modern vanities and tiled showers. Flooring throughout the units appears new, and in-unit laundry is a desirable amenity. While the property is move-in ready with no immediate renovations required and major systems are updated, the absence of central air conditioning, as noted in the weaknesses, prevents it from achieving an 'Excellent' rating, especially given Glendale's climate.
Pros & Cons
Pros
Income-Generating Asset: The property is a well-maintained triplex with two 2-bedroom units and one 1-bedroom unit, providing diversified rental income streams for an investor.
Extensive Major System Updates: Significant capital expenditures have been addressed with updated electrical subpanels, plumbing, sewer line, and roof, reducing immediate maintenance concerns for a buyer.
Desirable Unit Amenities: Each unit offers in-unit laundry, updated restrooms, dedicated water heaters, and bright, spacious layouts, enhancing tenant satisfaction and retention.
Strong Financial Performance & Tenant Quality: The property is described as 'performing with low overhead' and having 'excellent tenants,' indicating stable cash flow and reduced management burden.
Prime Glendale Location with Views: Located in Glendale, a desirable Southern California city, the property benefits from a strong rental market and offers mountain views, adding to its appeal.
Cons
Age of Property: Built in 1948, despite major system updates, the overall age of the property may imply potential for other deferred maintenance or less modern aesthetics in some areas.
Potential for Rent Control/Tenant Laws: As a multi-unit property in Glendale, it is subject to California's and local rent control and tenant protection regulations, which can impact rental income growth and management flexibility.
Absence of Central Air Conditioning: The description does not mention central air conditioning, which could be a significant drawback for tenants during Glendale's hot summer months, potentially affecting tenant comfort and marketability.