CA > Glendale
Glendale, CA 91205,427 Lincoln AVE
Glendale, CA 91205,427 Lincoln AVE
Glendale, CA 91205,427 Lincoln AVE
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$4,375,000
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23 Beds
22 Baths
10,162 SqFt
Active

427 Lincoln AVE Glendale, CA 91205

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

+1(424) 242-8856

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 10,162 sqft

Price per Sqft $430

MLS Listing ID 25563101

Bedrooms 23

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1986

Lot Size 9,147 Sqft

Property Description

We are please to present 427 Lincoln Avenue, an eleven-unit multifamily investment opportunity located in the Somerset neighborhood of East Glendale. This well-maintained asset will provide the next investor with the opportunity to capture approximately 33% in rental upside through an interior renovation program. The property also includes an occupied non-conforming one-bedroom unit that can be converted to an ADU as bonus income. Constructed in 1986, the asset comprises ten two-bedroom/two-bathroom units and one three-bedroom/two-bathroom units spread across 10,162 square feet. All units have separate meters for gas and electricity, individual water heaters, central HVAC. The property has gated entry, an on-site laundry room, and subterranean parking with 27 parking spaces. The property sits on a 9,146 square foot lot and is zoned R2250, making the existing number of units irreplaceable with the current zoning. Situated just south of Colorado Boulevard and east of Verdugo Road, 427 Lincoln Avenue is less than 2 miles from The Americana on Brand and less than 1 mile from Eagle Rock Plaza. Both Colorado Boulevard and Verdugo Road are major thoroughfares in Glendale where tenants can find a variety of retail, restaurants, and places of business within these corridors. Commuters are within minutes from the nearest on-ramp to the CA-2 and CA-134 Freeways, offering ease of access to the Eagle Rock, Highland Park, Burbank, Los Feliz, Atwater, Downtown Los Angeles, and all of San Gabriel Valley.

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Zoning R2250

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Disposal, Refrigerator

Laundry Laundry Room

Exterior

Parking Features Underground

Pool None

Community Features Gated

Total Parking Spaces 27

Private Pool No

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5680020005

Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Security Gate,Gated Community,Smoke Detector(s)

Special Listing Condition Standard

CRMLS – RECore
Listed by Sevak Keshishian Marcus & Millichap

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agent

Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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427 Lincoln AVE

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