1021 Linden Ave

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.

This home located at 1021 Linden AVE is currently pending and has been available on pardeeproperties.com for 19 days. This property is listed at $3,400,000. It has 6 beds and 5 bathrooms. The property was built in 1988. 1021 Linden AVE is in the Glendale-Northwest community of Los Angeles County.

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