Posts Tagged with ‘Income Property’
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New Listings: Hot Duplexes Give SFRs a Chill
08 Mar 2012There’s been a conspicuous absence of quality character listings for over a week now. Though some have come on the market, they’ve generally been grossly overpriced–perhaps by overly optimistic owners jumping the gun on the traditional Spring price bump? My thought: in 3-4 weeks there will be a wave of price reductions on some very attractive homes. On a brighter note, the exact opposite is happening on the residential income front. Character units, including my listing that went to escrow in 3 days, have been coming on the market and throwing down the gauntlet in the price and looks department.
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New Listing: Non-Rent Controlled 4 Units in Prime Northwest Glendale
09 Feb 2012My new listing is an investor’s dream. Aside from great looks, this character property, priced at $569k, has no rent control, positive rental income and is located in a great location. Who can ask for anything more? I predict this one will fly off the market. This property is a legal triplex with an additional legal guesthouse for a total of 4 units. With total rental income at $3839 per month, an investor with an average down payment will have positive rental income. Three units have 1 bedroom/1 bath and the guesthouse is a studio. This property is very well-maintained on a prime corner lot in Northwest Glendale. The style of these units are very desirable by tenants as they’re side-by-side bungalows, more like little houses, with hardwood floors, updated kitchens, baths, recessed lighting & 1-car covered garage space each. All units include gas ranges & full size fridges with the washer/dryer in the garage. Minutes to 134/5, Americana, Galleria, Burbank, Pasadena, Los Feliz, Silver Lake. For more information, or if you’d like to view this property, let me know. At a Glance 542 W. Dryden St., Glendale, 91202 $569k Triplex + Legal Guesthouse (4 Total Units) 2173 sq. ft.,…
