1021 Linden Ave Glendale, CA 91201
Grandview NeighborhoodEstimated payment $21,890/month
Total Views
43,405
6
Beds
5
Baths
7,042
Sq Ft
$483
Price per Sq Ft
About This Home
Rare Assumable Loan fixed at 3.20% until 2032! Located in one of Glendale’s most desirable neighborhoods, this well-maintained 8-unit property presents an outstanding investment opportunity with both immediate income potential and long-term growth. Built in 1988 to modern construction standards, the asset features a highly desirable unit mix—Two: 3 Bed / 2 Bath, Four: 2 Bed / 2 Bath, and Two: 1 Bed / 1 Bath units—designed to attract a broad tenant base and maintain low vacancy rates.Currently delivering a strong 5.0% CAP rate, the property’s performance is significantly enhanced by an assumable $2,050,000 loan at a low 3.20 % fixed interest rate, locked in through June 2032—a rare and valuable advantage in today’s high-rate environment. With this financing structure in place, investors can achieve an impressive 7.8% ROI, combining stable cash flow with long-term security.There’s also immediate rental upside, with allowable rent increases this year of approximately $700/month, creating a clear path to boost NOI and overall cash flow. Four units have been recently remodeled with modern finishes, adding to the property’s rentability and tenant appeal. All units are equipped with central heating and air conditioning, enhancing comfort and value.Strategically located in a thriving Glendale rental market, this turnkey property offers the perfect blend of strong in-place income, financing leverage, and value-add potential—ideal for investors looking to secure a high-performing asset in a high-demand area.
Listing Agent
LA Premier Realty Brokerage Email: info@lapremierrealty.com License #01869296 Listed on: 05/28/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1988
Lot Details
- 7,750 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 14 Car Garage
Interior Spaces
- 7,042 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Listing and Financial Details
- Legal Lot and Block 15 / A
- Tax Tract Number 4280
- Assessor Parcel Number 5624005026
Community Details
Building Details
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $305
- Gardener Expense $1,500
- Insurance Expense $3,651
- Maintenance Expense $3,500
- Professional Management Expense $7,145
- Trash Expense $4,716
- Water Sewer Expense $6,423
- Operating Expense $68,041
- Gross Income $240,588
- Net Operating Income $170,141
Additional Features
- 8 Units
- Laundry Facilities
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | Pending | -- | -- | -- |
| 05/28/2025 05/28/25 | For Sale | $3,400,000 | -- | $483 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
About the Listing Agent
Real Estate Broker / President at LA Premier Realty since 2013.
David's Other Listings
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB25118417
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