1021 Linden Avenue, Glendale, CA 91201 - Berkshire Hathaway HomeServices California Properties
1021 Linden Avenue Glendale, CA 91201
$3,400,000 0 beds, 0 baths
0 sqft

Agent Remarks

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 Details

Property type: Apartment (Multi-Family)
Status: Pending
MLS# BB25118417
List price is $3,400,000
Beds: 0
Baths: 0
Built in 1988
0.18 acres
Lot size: 0.1779
County: Los Angeles
Zoning: GLR4YY
Lot description: ZeroToOneUnitAcre
MLS area: 626 - Glendale-Northwest

Last Updated: 6/18/2025

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This listing belongs to the 626 - Glendale-Northwest MLS area

Lat/Long: 34.173130, -118.296577.
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Listing Agent: David Nalbandyan
Lic#: 01234982
Office Name: Mission Viejo

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