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Sold on 11/07/2023

122 S Cedar St, Glendale, CA 91205

  • $3,368,449

    Last sold 11/07/2023 for $2.45M

  • 8

    bed

  • 12

    bath

  • 8,280

    Sqft ($296/Sqft)

Multi-family not for sale
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About 122 S Cedar St

Property type Multi-family
Neighborhood
Year built 1929
HOA fee $0/month
Lot size 7,241 Sqft
Movoto estimate
Property description
*PRICE REDUCED by $550,000! *Charming Value-Add Opportunity: Over $800/Unit Rental Upside *Once in a Lifetime Opportunity: Legacy Property Owned by the Family for Over 40 Years *Walking Distance to the Americana at Brand & Glendale Galleria: WalkScore 95 *Priced To Sell at $250,000 Per Unit *Market Cap: 6.7% *Landlord Friendly City: Glendale's 7% Rent Ordinance Allows Higher Rent Increases Than the City of LA; Up to 8.8% Per State Law AB1482 *Glendale Is a Pro-Business City: Boasts No Gross Receipts or Business License Taxes *Not Subject to Mansion Tax * See Agent Remarks for Property Website. Rents shown in the OM rent roll are averages.
Listed by
Listing Agent - Adrienne Barr
Listing Office - Berkadia
Source: The MLS mls logo
MLS#23-299037 • last updated 2 years ago
Movoto checked The MLS for data 9 minutes ago
Overview
Levels/Style Two
MLS # 23-299037
Type Residential Income
Status Sold
SqFt 8280
Lot Size (SqFt) 7241
Lot Size (Acres) 0.1662
Year Built 1929
Interior
Total # of Baths 12
Total # of Bedrooms 8
Laundry Own
Exterior
# Parking Spaces 5
Parking Desc Garage - 4+ Car, Garage Is Detached
Add'l Structures Other
Amenities / Utilities
Equipment Refrigerator, Range/Oven
Location
County Los Angeles
Zoning GLR4YY
APN 5674-010-007
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 1700
Unit 1: Rent 1428
Unit 2: Rent 1294
Unit 2: Furnished No
Unit 2: Projected Rent 2200
Unit 2: # Beds 1
Unit 2: # Baths 1
Unit 1: # Baths 1
Unit 2: Actual Rent 1294
Unit Type 2106, 2107
Unit 1: Actual Rent 1428
Total # Of Buildings 1
Net Operating Income 109514
Vacancy Rate 3%
Gross Income 192765
Gross Operating Income 192898
Gross Rent Multiplier 15.56
Total Annual Expenses 83384
$3.36M
Range: $3.03M-$3.7M
Last 30 days 
  • Dec 2023
    Public Records
  • Dec 7, 2023 Sold
    $2,450,000
  • Dec 2023
    mls logo MLS # 23-299037
  • Dec 7, 2023 Sold
    $2,450,000 (-18.3%)
  • Nov 7, 2023 Pending
    —
  • Sep 20, 2023 Price Change
    $3,000,000 (-15.5%)
  • Aug 8, 2023 Listed
    $3,550,000
  • 122 S Cedar St
    $2.45M
  • Citrus Grove
    $749K +7% y/y
  • 91205
    $939K +4% y/y
  • Glendale
    $1M -16% y/y
No chart available
Statistics calculated by Movoto

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6/10
Woodrow Wilson Middle School
public Grades 6-8
Glendale Unified School District
6/10
Glendale High School
public Grades 9-12
Glendale Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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