3644 Stancrest Dr Glendale, CA 91208

This exceptional 4-unit apartment building presents a compelling investment opportunity in Glendale, California. Located at 3644 Stancrest Dr, 91208, this property boasts a total of approximately 3,029 square feet on an 8,669 square foot lot. The asking price is $1,725,000, representing a price per unit of $423,750 and a price per square foot of $559.59. The property features a charming 2-bedroom, 2-bathroom front house with central air conditioning and a private yard. The rear section contains three additional units, originally configured as one 1-bedroom, 1-bathroom unit and two studios. The studios could be easily recombined to restore the original layout. Currently fully occupied, the property generates a strong net operating income (NOI) of $85,193, resulting in a 5.03% cap rate. Built in 1953, this well-maintained property is situated in a highly desirable location, just blocks from Montrose Village and within a blue-ribbon school district. This makes it ideal for both owner-users seeking a multi-family residence and savvy investors looking for a strong return on investment. The property's location, strong cash flow, and potential for future appreciation make it a truly remarkable opportunity in the competitive Los Angeles County market. The Los Angeles County Assessor's Parcel Number (APN) is 5613-003-028.