1286 Boynton Street

    Glendale, CA 91205
    • $1,000,000
    • STATUS: Active
    • ON SITE: 381 days
    • ID#: BB17247643
    Price Reduced
    UPDATED: 65 min ago
    $1,000,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,220
      SQFT
    • $450
      $/SQFT
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Great residential development opportunity in Glendale, CA. Large 13,838 square foot lot with current income or a duplex which features two 2+1 units at 1,110sf each. Below market rents on current units. Current rents at $1,550 for each 2 bedroom and 1 bath units. View Property!Non Rent Control. Glendale zoning is Glendale 2250 enabling owner to build 6 apartment units. As listed, the purchase of the land is below $100psf at $72.26.Buyer to verify zoning and maximum number of units with the City of Glendale. Please DO NOT disturb the tenants nor walk on the property.New retaining wall constructed in 2018 at the rear baseline of the property

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T07:31:47.517. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bentongrouphomes.com/homes/78364214

    1286 Boynton Street Glendale, CA 91205

    • Price: $1,000,000
    • Status: Active
    • Updated: 65 min ago
    • ID#: BB17247643
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    2,220
    SQFT
    $450
    $/SQFT
    1923
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    Great residential development opportunity in Glendale, CA. Large 13,838 square foot lot with current income or a duplex which features two 2+1 units at 1,110sf each. Below market rents on current units. Current rents at $1,550 for each 2 bedroom and 1 bath units. View Property!Non Rent Control. Glendale zoning is Glendale 2250 enabling owner to build 6 apartment units. As listed, the purchase of the land is below $100psf at $72.26.Buyer to verify zoning and maximum number of units with the City of Glendale. Please DO NOT disturb the tenants nor walk on the property.New retaining wall constructed in 2018 at the rear baseline of the property
    Exterior Features

    Garage Spaces 0.00 Lot Features Lot 10000-19999 Sqft Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features None Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 27240.00 Gross Operating Income 27240.00 Gross Scheduled Income 27240.00 Insurance Expense 0.00 Land Lease YN No Laundry YN No Net Operating Income 19068.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 2 Operating Expense 8172.00 Operating Expense Percent 30.00 Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Total Actual Rent 4270.00 Total Expenses 8172.00 Trash Expense 0.00 Vacancy Allowance Rate 0.00 Water Sewer Expense 0.00 Water Source Public

    Listing provided courtesy of Michael Washington of Keller Williams Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T07:31:47.517. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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