REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Zartik Garabedian

zartik.garabedian@engelvoelkers.com +1(818) 624-8777

$ 2,925,000

Est. payment -/mo

Save

New

935 N Louise ST Glendale, CA 91207

0.31 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-28892

HOA Y/N No

Year Built 1955

Lot Size 0.311 Acres

Property Description

Exceptional 10-Unit Multifamily Investment Opportunity in Glendale! Located at 935 N. Louise Street, this well-positioned apartment building features a highly desirable unit mix of ten 2-bedroom/1-bath residences, offering an excellent combination of existing income and significant value-add potential.The property has benefited from substantial capital improvements, including new electrical panels and rewiring, copper plumbing and new main water lines, and new asphalt, helping reduce major infrastructure concerns for the next owner. Additional amenities include 10 carport parking spaces with overhead storage and on-site laundry.A major highlight is that 3 of the 10 units are currently vacant, providing a new owner with the opportunity to renovate and reposition these units immediately. Current estimated market rents for renovated 2-bedroom units are approximately $2,400-$2,500 per month, presenting meaningful upside potential. The remaining seven units provide an existing income base, with current rents ranging from approximately $1,565 to $2,175 per month.Centrally located in Glendale, CA, with convenient access to shopping, dining, employment centers, transportation and the surrounding Los Angeles communities. This is a compelling opportunity for an investor seeking a well-located multifamily asset with immediate renovation potential, existing cash flow and long-term rental upside.Three vacant units + major building system upgrades + 10 parking spaces + an all 2BR unit mix make this a property worth a closer look.

Location

State CA

County Los Angeles

Area 626 - Glendale-Northwest

Zoning GLR4YY

Interior

Heating Natural Gas, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring See Remarks

Fireplaces Type None

Fireplace No

Appliance Free-Standing Range, Water Heater

Laundry Common Area

Exterior

Parking Features Asphalt, Carport

Carport Spaces 10

Fence None

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Accessibility Safe Emergency Egress from Home, Parking

Total Parking Spaces 10

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Sprinklers In Front, Lawn, Sprinklers On Side

Faces North

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 5644014013

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 130.3

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard, Trust

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jose Chaparro Jenkins Properties #02023861

NEARBY SCHOOLS & PROPERTIES

Zartik Garabedian

Agent License ID: 00976559

+1(818) 624-8777

Zartik Garabedian

935 N Louise ST Glendale, CA 91207

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Go tour this home

935 N Louise ST