517 Fischer Street Active Save Request In-Person Tour Request Virtual Tour
Glendale,CA 91205
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,756 sqft
Price per Sqft $433
MLS Listing ID CL25563183
HOA Y/N No
Year Built 1989
Lot Size 7,497 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
We are pleased to present 517 Fischer Street, a nine-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 26% in rental upside through an interior renovation program. The property also includes an occupied non-conforming studio unit that can be converted to an ADU as bonus income. Constructed in 1989, the asset comprises eight two-bedroom/two-bathroom units and one three-bedroom/two-bathroom unit spread across 8,756 square feet. All units have separate meters for gas and electricity, individual water heaters, mini-split HVAC units. The property has gated entry, an on-site laundry room, and subterranean parking with 19 parking spaces. The property sits on a 7,497 square foot lot and is zoned R3050, 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 a
Location
State CA
County Los Angeles
Zoning R305
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 5680014022