224 North Louise Street

Glendale CA 91206

4073 sq. ft.

7702 sq. ft.

Other

Currently for sale - view listing

Overview

We are pleased to announce the opportunity to purchase 224 N. Louise St., a 5-unit multifamily property in heart of Downtown Glendale. Available for the first time in 50 years, this property provides investors with an opportunity to own a value-add property in a prime pocket of Downtown Glendale. This 4,073 square foot multifamily property is comprised of three separate structures. These structures include four 1bed/1bath units in the front, a separate 2bed/1bath cottage in the rear, and a 2-car garage that can be accessed from the alley. The property will be delivered with one vacant 1-bedroom unit that will allow an investor to immediately remodel and lease at market rate. Investors might also explore the opportunity to convert the 2-car garage into an ADU. There is an on-site laundry room and all five units are individually metered for gas and electric. Located between California Ave and Wilson Ave, 224 N. Louise St. is just three blocks east of Brand Blvd, one of Glendale's main thoroughfares. Residents of this property are within a very short distance to multiple bus stops located on Brand Blvd, the Glendale Fashion Center, the Glendale Galleria, and the famous Americana at Brand. Brand Blvd is lined with many restaurants, retail shops, businesses, office buildings and brand-new mixed-use properties. The area is home to most of Glendale's newest developments and is the heart of the city. The proximity to the 134 Freeway will provide tenants with an easy commute to nearby neighborhoods such as Burbank, Eagle Rock, Los Feliz, Downtown Los Angeles, Pasadena, and all areas of San Fernando Valley.