508 Hill Drive Glendale, CA ^$ 2,900,000

508 Hill Drive

^$ 2,900,000

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508 Hill Drive

Glendale, CA, 91206

^$ 2,900,000

Bedrooms10 Baths1.0 Sq 5,796

Monthly Estimate*

^$ 20,257

Listed by Valiant Multi-Family Group

508 Hill Drive, Glendale, CA 91206 - Image 1

508 Hill Drive, Glendale, CA 91206 - Image 2

508 Hill Drive, Glendale, CA 91206 - Image 3

508 Hill Drive, Glendale, CA 91206 - Image 4

508 Hill Drive, Glendale, CA 91206 - Image 5

Multi-Family Home for sale in Glendale, CA

for $2,900,000 with 10 bedrooms and 1 full bath. This 5,796 square foot home was built in 1962 on a lot size of 0.1785.

Rare opportunity in Glendale. Hill Drive is part of a 22 unit portfolio sale along side a 12 unit apartment building located at 824 E. Windsor Road in Glendale. An astute investor will have the opportunity to purchase 2 pride of ownership buildings in excellent locations. Hill Drive is an all one bedroom building with massive upside in rents. Windsor Road is a mix of one and two bedrooms with the majority being two bedrooms with upside in rents as well. Both will be on the market for the first time and offer assumable financing with Chase bank both in the 3 percent rate range offering buyers better cashflow. With ADU potential on Windsor Road, both buildings will be a perfect addition to any investors portfolio or a first time buyer.

Multi-Family Pending

Price

^$ 2,900,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.1785

Year Built

1962

Town/City

Glendale

County/Region

Los Angeles

MLS | Web ID

OC24060191

Days on Market

Features

General

Sewer Unknown

Zoning GLR4*

Garage Spaces 0.0

Pool Features None

Year Built 1962

Stories 2

Levels Two

Property SubType Apartment

Gross Income 119591.0

Community Features Curbs

County Los Angeles

Net Operating Income 119591.0

Operating Expense 70948.0

Insurance Expense 10027.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Pending

Directions E Chevy Chase Drive/Hill Drive

City Glendale

Entry Location Street

View Y/N N

Senior Community Y/N N

Total Units 10

MLS Area 624 - Glendale-Chevy Chase/E. Glenoaks

Lot Size Square Feet 7775.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Hill

Listing Terms Cash CashtoExistingLoan CashtoNewLoan

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 1024.0

Home Warranty Y/N N

Fuel Expense 3730.0

Trash Expense 5940.0

Water Sewer Expense 4202.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 5

Building Area Units SquareFeet

Standard Status Pending

Year Built Source Assessor

Tax Lot 10

Property Sub Type Additional Apartment

Exterior

Lot Features Landscaped

Water Source Other

Total Parking 0.0

Lot Size Area 7775.0

Number of Buildings 1

Spa N

Building Area Total 5796.0

Lot Size Acres 0.1785

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 10

Number of Separate Electric Meters 10

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Drive

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 508

* Excluded Features

List By

Valiant Multi-Family Group

Broker

(714) 608-2425

Phone

Affordability Calculator

$20,257

Per Month

Monthly Principal & Interest: $20,257
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Glendale, CA

Average List Price ^$3,563,326

Percent of Sale Price 23%

About Glendale, CA

199,017 Population

2% Since 2002

^$61,015 Median Income

42.24 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/27/2024	$2,900,000		Listed Price

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508 Hill Drive, Glendale, CA, 91206 is a Multi-Family Home for sale at $2,900,000 with 5,796 sqft and a lot size of 0.1785. 508 Hill Drive has 10 bedrooms, 1.0 baths, and was built in 1962. The property's zip code is 91206 which is in Glendale, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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508 Hill Drive

Multi-Family Home for sale in Glendale, CA

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