Overview
Glendale Multifamily Property For Sale
Located in Glendale, south of Broadway and north of Colorado Street, this three-story multifamily property at 453 Ivy Street presents an investment opportunity. Constructed in 1984, the building has a total size of approximately 20,733 square feet and is situated on a 14,959 square foot lot. The property features controlled access, landscaping, and is equipped with an elevator. Parking is provided through partial subterranean spaces, with storage areas. Select units also have individual garages within the parking structure. The property contains 17 legal units and 1 non-conforming unit. The unit mix consists of two-bedroom/two-bathroom units. These units are approximately 1,148 square feet and include laminate wood and tile flooring, a stove, refrigerator, microwave, dishwasher, central air and heat, in-unit laundry (non-conforming units have a shared laundry room), recessed lighting, a fireplace, closet and storage space, and a balcony or patio. Select units have been renovated. The property is separately metered for gas and electric, with non-conforming units master-metered, and serviced by central water heaters. The property is located near The Americana at Brand, Glendale Galleria Mall, and Downtown Glendale, as well as shopping, dining, and entertainment along Colorado Street, Central Ave, Brand Boulevard, Broadway, and Glendale Avenue, Glendale Fashion Center, LA Zoo, Griffith Park, Griffith Observatory, and Glendale Community College.