1021 Linden Avenue
Glendale, CA 91201
Map
- – beds
- – baths
- – sqft
- 7,750 sqft lot
- 1988 build
- – on site
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.
Last checked:
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Last updated May 28, 2025
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MLS# BB25118417 —
The Building
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Year Built:1988
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:7042.00
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Building Area Units:Square Feet
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Total Number Of Units:8
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# of Buildings:1
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Stories Total:3
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:9
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# of Separate Water Meters:1
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# of Separate Electric Meters:9
Interior
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Entry Location:1
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Laundry:Common Area
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Laundry:1
Location
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Directions:off of Glenoaks
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Latitude:34.17313000
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Longitude:-118.29657700
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:GLR4YY
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Lot Features:0-1 Unit/Acre
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Lot Size Area:7750.0000
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Lot Size Acres:0.1779
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Lot Size SqFt:7750.00
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:A
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Tax Census Tract:3016.01
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Tax Tract:4280
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Tax Lot:15
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5624005026
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Curbs
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:14.00
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Garage Spaces:14.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/28/25
May 28, 2025
|
Listed / Active | CRMLS_CA | $3,400,000 |
