418 Allen Glendale CA 91201 MLS #SR26068526

Rare opportunity to purchase this property in a quite Glendale neighborhood south of the 5 Freeway and near the Los Angeles Equestrian Center. This 7 unit property consists of 3 2 Bd + 1 Ba and 4 1 Bd + 1 Ba. One downstairs 1 Bd #D has a bonus den/office. Two of the units have been remodeled with ceramic and LVP flooring, new light fixtures with fans, new kitchen and bathroom countertops, new sinks/fixtures, SS stove and new SS refrigerator. There are 11 parking spaces including three carports, two garages, and four lot spaces. The carport spaces have large storage lockers and one of the garages were remodeled with extra-large storage and remote controls. There are two storage areas. One behind the garages and one garage is being used for a large storage – work area. This garage could be provided to a tenant for a total of 12 parking spaces. There is also an office/studio apartment with kitchenette and a bathroom with shower, toilet and sink. There are also five good size rear patios.

The two remodeled units D and F are currently vacant and ready to be leased. The office/studio is a potential unpermitted ADU conversion under AB 2533 – California’s ADU Amnesty Bill for unit built before January 1, 2020. Buyer to consult with an ADU contractor regarding this potential.

There is a laundry room with building owned washer and dryer. Good size room with folding shelve. Property is separately metered for gas and electric. Most of the units have one or two windows A/C units.

Property is subject to AB 1482 CA statewide act, effective through 2030, that includes rent caps and other tenant protections.