Movoto Real Estate
Sold on 03/09/2024

411 Naranja Dr, Glendale, CA 91206

  • $2,297,928

    Last sold 03/09/2024 for $2.4M

  • 8

    bed

  • 7

    bath

  • 5,161

    Sqft ($465/Sqft)

Multi-family not for sale
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About 411 Naranja Dr

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Lot size 7,646 Sqft
Movoto estimate
Property description
PRICE REDUCED!!! We are pleased to present 411 Naranja Drive a seven (7) unit multifamily investment opportunity located in prime Glendale. The wood frame stucco building consists of 5,161 square feet of living area and is situated on a 7,644 square foot lot zoned GLR1650. ASSUMABLE FINANCING! The property contains assumable financing provided by JP Morgan Chase Bank for an approved Buyer--rate of 3.37% fixed until February 1st, 2027! Ask Agent for details. The property features: One (1) Two Bedroom / One Bath unit ("Owner's Unit") and Six (6) One Bedroom / One Bath units. All units are individually metered for both gas and electricity. Further, the property consists of six (6) covered parking spaces for the tenants with the ability to park several more cars in tandem. The Two Bedroom unit has been renovated with new wood floors throughout in addition to an updated bathroom and kitchen. The remaining spacious one-bedroom units have undergone some renovations as well. Two of the units upstairs enjoy private balconies that overlook the beautifully landscaped courtyard. This asset has been meticulously cared for by the current owner who takes great pride in his buildings. The front driveway, which includes the open and covered parking spots was recently resurfaced as well. The property is located within an excellent pocket of Glendale. Tenants can enjoy being a short distance from Piedmont Park in addition to the shops and restaurants of Downtown Glendale. The property is also located close to Glendale Adventist Hospital and the 2 and 134 Freeways.
Listed by
Listing Agent - Derrick Vartanian
Listing Office - Lyon Stahl Investment Real Estate, Inc.
Source: The MLS mls logo
MLS#23-338800 • last updated 2 years ago
Movoto checked The MLS for data 9 minutes ago
Overview
Levels/Style Two
MLS # 23-338800
Type Residential Income
Status Sold
SqFt 5161
Lot Size (SqFt) 7646
Lot Size (Acres) 0.1755
Year Built 1958
Interior
Total # of Baths 7
Total # of Bedrooms 8
Exterior
# Carport Spaces 6
# Parking Spaces 12
Parking Desc Covered Parking, Carport Attached, Driveway, Tandem, Side By Side
# Covered Parking Spaces 6
Add'l Structures None
Amenities / Utilities
Equipment Other, Dryer, Washer
Location
County Los Angeles
Zoning GLR 1650
APN 5645-007-012
Multifamily Details
Tenant Pays Gas, Electricity
Unit 1: Furnished No
Unit 1: Projected Rent 12570
Unit 1: # Beds 1
Unit 1: Rent 1848
Unit 2: Rent 2295
Owner Pays Water
Unit 2: Furnished No
Unit 2: Projected Rent 2695
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 1: # Baths 1
Unit 2: Actual Rent 2295
Unit Type 2106, 2107
Unit 1: Actual Rent 11090
Total # Of Buildings 1
Net Operating Income 105939
Cap Rate 4.11
Vacancy Rate 0%
Gross Income 161460
Gross Operating Income 156641
Gross Rent Multiplier 16.07
Total Annual Expenses 50107
$2.29M
Range: $2.06M-$2.52M
Last 30 days 
  • May 2024
    Public Records
  • May 8, 2024 Sold
    $869,500 (-63.8%)
  • May 2024
    mls logo MLS # 23-338800
  • May 8, 2024 Sold
    $2,400,000 (-9.4%)
  • Mar 9, 2024 Pending
  • Jan 2, 2024 Active
  • Dec 11, 2023 Listed
    $2,650,000 (+29.3%)
  • Aug 2021
    Public Records
  • Aug 30, 2021 Sold
    $2,050,000
  • Aug 2021
    mls logo MLS # 320006441
  • Aug 27, 2021 Sold
    $2,050,000 (+2.8%)
  • Jul 13, 2021 Pending
  • Jun 30, 2021 Listed
    $1,995,000 (+1605.1%)
  • Oct 2001
    Public Records
  • Oct 19, 2001 Sold
    $117,000
  • 411 Naranja Dr
    $2.4M
  • Citrus Grove
    $734K +5% y/y
  • 91206
    $1.14M -11% y/y
  • Glendale
    $999K -16% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • 411 Naranja Dr
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