Under Contract

412 Fischer St

Glendale CA, 91205

$3,145,000


$484.44 per sqft

Under Contract

15 Beds

6,492 sqft

Residential

Built in 1986

We are thrilled to present an exclusive opportunity - a remarkable 7-unit building now available for sale after 36 years. Built in 1986, this building features spacious 2 & 3-bedroom units, situated in the highly sought-after Glendale area, with minimal to no vacancy rates. Comprising the 7 units are: (ONE) 3 Bed + 2.5 Bath townhome-style unit; (FOUR) 2 Bed + 2 Bath units; and (TWO) 2 Bed + 1 Bath units. This presents a promising value-add opportunity, with separate metering for gas and electricity along with Central Air Conditioning. Tenants benefit from the convenience of washer and dryer hook-ups in select units, supplemented by an additional laundry room in the common area equipped with leased laundry equipment. The property features an updated roof, secured parking, and entry offering 13 covered spaces, complemented by private storage rooms for all units. Furthermore, the current CHASE Loan offers an assumable 3.28% interest rate, fixed until May 1, 2026 (interested parties are encouraged to contact the listing agent for further details).Conveniently located near the retail corridor of E. Colorado Blvd., Glendale High School, Shopping Centers, and Windsor Park, this property presents an ideal opportunity with promising rental upside potential while adhering to Glendale's Rent Ordinance.

24-362049

MLS ID

February 26, 2024

Listed

April 5, 2024

Updated

Map

412 Fischer St
Glendale CA, 91205

Interior Features

Total Stories

2


Bedrooms

15 Beds


Appliances

Intercom, Gas Dryer Hookup, Other


Laundry Description

Laundry Area, In Unit


Fireplace

No


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.17 Acres

Other Property Details

Area Name

Glendale-South of 134 Fwy


Days on Market

25


Garage

No


Parking

Covered Parking


Parking Total

13


View

No


County

Los Angeles


Pool

No


Zoning

GLR4YY

Listing History

Date

Event

Price

3/22/2024

Under Contract

Listed by Shant Sherbetdjian with Remax Commercial and Investment Realty
Listing Contact: 626-657-8150 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Cari Field Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/5/2024

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