517 Vine Street

    Glendale, CA 91204
    • $1,549,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: SB18033081
    UPDATED: 168 min ago
    $1,549,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,989
      SQFT
    • $388
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    We are pleased to present 517 Vine Street. A 4 unit investment opportunity located in the non-rent control City of Glendale, CA. The building was built in 1928 and consists of 3,989 square feet of living space. This property features 4 - 2BR+1BA units, which include large living areas, formal dining rooms and separate utility areas with washer/dryer hookups. All units have been tastefully updated and all are individually metered for both gas and electricity. All of the units are spacious and well maintained & include a single car garage, 4 in Total. Incoming rents are as follows: 517 - $1855, 517 +-+ - $1795, 519 - 1922.50, 519 +-+ - $1795. This building is performing at an attractive 5% cap rate and still has potential for improvement as the median rent in the area is $2200!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/80704095

    517 Vine Street Glendale, CA 91204

    • Price: $1,549,000
    • Status: Active
    • Updated: 168 min ago
    • ID#: SB18033081
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,989
    SQFT
    $388
    $/SQFT
    1928
    Built
    Neighborhood:
    626 - Glendale-Northwest
    County:
    Los Angeles
    Area:
    626 - Glendale-Northwest
    Property Description
    We are pleased to present 517 Vine Street. A 4 unit investment opportunity located in the non-rent control City of Glendale, CA. The building was built in 1928 and consists of 3,989 square feet of living space. This property features 4 - 2BR+1BA units, which include large living areas, formal dining rooms and separate utility areas with washer/dryer hookups. All units have been tastefully updated and all are individually metered for both gas and electricity. All of the units are spacious and well maintained & include a single car garage, 4 in Total. Incoming rents are as follows: 517 - $1855, 517 +-+ - $1795, 519 - 1922.50, 519 +-+ - $1795. This building is performing at an attractive 5% cap rate and still has potential for improvement as the median rent in the area is $2200!
    Exterior Features

    Garage Spaces 4.00 Lot Features Front YardLandscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Heater Heating YN Yes Laundry Features Individual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cable Tv Expense 0.00 Community Features SidewalksStreet Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 0.00 Gardener Expense 0.00 Gross Income 88410.00 Gross Scheduled Income 88410.00 Insurance Expense 2044.00 Land Lease YN No Laundry YN Yes Licenses Expense 0.00 Maintenance Expense 600.00 Net Operating Income 72177.00 New Taxes Expense 17230.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 16233.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Property Condition Updated/Remodeled Rent Control YN No Security Expense 0.00 Senior Community YN No Special Listing Conditions Standard Supplies Expense 0.00 Tenant Pays ElectricityGasTrash Collection Total Expenses 22374.00 Trash Expense 0.00 Utilities Sewer Connected Water Sewer Expense 2500.00 Water Source Public Workmans Compensation Expense 0.00 Year Built Source Assessor Zoning Glr4yy

    Listing provided courtesy of Jason Lowery of Keller Williams Beach Cities.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003