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For Sale

$6,050,000

1217 E Harvard Street
Glendale, CA 91205

Sqft 11,537 sqft
22 unit Spanish Colonial Revival Bungalow Court apartment on Harvard Street in Glendale, California. Built in 1925, the unit mix is 22 1-bed/1-bath units, and 20 units have been upgraded by its retired general contractor owner over the past 20 years. The building is practically always 100% occupied and tenants pay lower-than market rents. With 11,537 sqft and situated on a 23,630 sqft lot, this property includes a central laundry room, 19 carports, 1 garage, and 2 storage rooms. Separately metered electric and gas, with copper plumbing, AC wall units, newer roofs, and easy to maintain. This property has been self managed for decades. This property offers historic value as well as investment opportunity in one of LA's most attractive rental markets with continued projections for rental growth. Located in the southern portion of Glendale, closest to commerce, and in close proximity to schools, transportation (a few blocks from the 134 and 2 fwy's), and commerce. The Zoning is R2250 - Medium Density Residential. This property is eligible for significant tax savings through Mills Act. Glendale has increasingly become an entertainment and shopping destination in Los Angeles, synonymous with high-end retail and comfortable living. The Americana at Brand is less than 1 mile away. Read More

Market Status
Available
Last Updated
July 22, 2021

Property Type
Multi Family
Year Built
1925
Stories
2
Heating System
Forced Air Heat
Roof
Tile Roof
Dwelling Faces
Southern Exposure
Home Owner Asso.
Community Laundry Facility(s)
Laundry Facilities
-
Garage
Garage(s)
Parking
Assigned Parking
Interior Construction
Carbon Monoxide Detector

Local Market Conditions

There are currently 83 properties for sale in the Glendale, CA area with the average listing price of $1,357,911. This represents a decrease of -1.2% over the previous week. The 1 bedroom homes saw the largest decrease in the average listing price over the previous week with a -64.7% decrease. To learn more about the Glendale, CA area, contact a local expert!

Market Snapshot for Glendale, CA

Avg. Listing Price

$1,357,911

Wk ending Jul 17

$-17,017

-1.2%

w-o-w

83

35

32

22

8

2

Average Listing Price for Glendale, CA
No. BedroomsNo. Beds Week Ending
(Jul 17)
w-o-w Week Ending
(Jul 10)
Week Ending
(Jul 3)
Week Ending
(Jun 26)
All PropertiesAll $1,357,911 -1.2% $1,374,928 $1,326,910 $1,287,270
1 bedroom1 BR $599,000 -64.7% $1,699,000 $1,724,000 $1,724,000
2 bedrooms2 BR $944,886 -3.9% $983,298 $943,129 $935,881
3 bedrooms3 BR $1,412,966 -2.1% $1,443,691 $1,425,074 $1,364,550
4 bedrooms4 BR $1,480,768 +3.4% $1,431,609 $1,531,423 $1,517,000

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Listing Provided By:

Michael Bell

Sotheby's International Realty, Inc.

Phone
This $6,050,000 Multi Family at 1217 E Harvard Street in Glendale, CA is presented by Michael Bell. This $6,050,000 Multi Family, located in the 91205 zip code, has the following property features: Roof, Dwelling Faces, Parking, Garage. This 1217 E Harvard Street Multi Family is listed under MLS listing number P1-4858 and has a listing price of $6,050,000. You can find more Glendale homes for sale here.

Data Provided by California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. (CRMLS) and is protected by all applicable Copyright 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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