331 Allen Ave - Multi-Family FOR SALE


Glendale, CA 91201- Riverside Rancho
$1,349,943 USD
818-953-5300
331 Allen Ave, Glendale, CA for Sale
$1,349,943 USD
Multi-Family - FOR SALE
1/60
null | 4.96% Cap Rate

331 Allen Ave
Glendale, CA 91201
Riverside Rancho


OVERVIEW

This unique property features a spacious 8,250 square foot lot with a total of 2,323 square feet of living space spread across two parcels. The main house is a charming front unit offering 1,267 square feet, with two bedrooms and two bathrooms, including a private primary suite. A well-appointed kitchen with stainless steel appliances opens into the living and dining areas, creating a perfect space for family gatherings or entertaining. The den offers flexibility for a home office, reading room, or third bedroom. The property also includes a two one-bedroom, one-bathroom units, perfect for rental income or multi-generational living. In addition to the living spaces, there's a dedicated laundry room/craft room that adds practicality and additional space for hobbies or organization. The studio apartment next to the garage is a permitted guest room at $1,200 per month that is not included in the income. Outside, the property offers a two-car garage, plus two uncovered parking spaces, making parking convenient for all. Situated on a horse property with stunning mountain views, the location provides a peaceful retreat while still being close to urban amenities. This property presents an exceptional opportunity for investors, those seeking multi-unit living, or anyone looking for a unique blend of space, utility, and natural beauty.

FOR SALE DETAILS

PRICE

$1,349,943 USD

PRICE/SF

$581 USD /SF

# OF UNITS

3

PRICE/UNIT

$449,981

CAP RATE

4.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,250 SF

ZONING

-

APN/PARCEL ID

5625-011-018,5625-011-019

ASK ABOUT THIS PROPERTY

Brad KorbBrad Korb Real Estate GroupMore Info
818-953-5300

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Brad KorbBrad Korb Real Estate GroupMore Info
818-953-5300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.