Movoto Real Estate
Sold on 03/22/2024
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412 Fischer St, Glendale, CA 91205

  • $2,826,764

    Last sold 03/22/2024 for $2.7M

  • 15

    bed

  • 13

    bath

  • 6,492

    Sqft ($416/Sqft)

Multi-family not for sale
Movoto is helping 23 homebuyers near you

About 412 Fischer St

Property type Multi-family
Neighborhood
Year built 1986
HOA fee $0/month
Lot size 7,452 Sqft
Movoto estimate
Property description
We are thrilled to present an exclusive opportunity - a remarkable 7-unit building now available for sale after 36 years. Built in 1986, this building features spacious 2 & 3-bedroom units, situated in the highly sought-after Glendale area, with minimal to no vacancy rates. Comprising the 7 units are: (ONE) 3 Bed + 2.5 Bath townhome-style unit; (FOUR) 2 Bed + 2 Bath units; and (TWO) 2 Bed + 1 Bath units. This presents a promising value-add opportunity, with separate metering for gas and electricity along with Central Air Conditioning. Tenants benefit from the convenience of washer and dryer hook-ups in select units, supplemented by an additional laundry room in the common area equipped with leased laundry equipment. The property features an updated roof, secured parking, and entry offering 13 covered spaces, complemented by private storage rooms for all units. Furthermore, the current CHASE Loan offers an assumable 3.28% interest rate, fixed until May 1, 2026 (interested parties are encouraged to contact the listing agent for further details).Conveniently located near the retail corridor of E. Colorado Blvd., Glendale High School, Shopping Centers, and Windsor Park, this property presents an ideal opportunity with promising rental upside potential while adhering to Glendale's Rent Ordinance.
Listed by
Listing Agent - Shant Sherbetdjian
Listing Office - Remax Commercial and Investment Realty
Source: The MLS mls logo
MLS#24-362049 • last updated 2 years ago
Movoto checked The MLS for data 7 minutes ago
Overview
Levels/Style Two
MLS # 24-362049
Type Residential Income
Status Sold
SqFt 6492
Lot Size (SqFt) 7452
Lot Size (Acres) 0.1711
Year Built 1986
Interior
Total # of Baths 13
Total # of Bedrooms 15
Laundry Lease
Exterior
# Parking Spaces 13
Parking Desc Covered Parking
# Covered Parking Spaces 13
Add'l Structures Other
Amenities / Utilities
Equipment Intercom, Gas Dryer Hookup, Other
Location
County Los Angeles
Zoning GLR4YY
APN 5680-016-014
Multifamily Details
Tenant Pays Gas, Electricity, Cable TV
Unit 3: Furnished No
Unit 1: Furnished No
Unit 3: Projected Rent 3500
Unit 1: Projected Rent 3000
Unit 1: # Beds 3
Unit 1: Rent 1200
Unit 2: Rent 1725
Unit 3: Rent 1750
Owner Pays Water, Gardener
Unit 2: Furnished No
Unit 2: Projected Rent 6900
Unit 3: # Beds 2
Unit 2: # Beds 2
Unit 2: # Baths 2
Unit 3: # Baths 1
Unit 1: # Baths 2.5
Unit 2: Actual Rent 8700
Unit 3: Actual Rent 1800
Unit Type 2106, 2107, 2108
Unit 1: Actual Rent 1200
Total # Of Buildings 1
Net Operating Income 70023
Vacancy Amount (%) 3
Vacancy Rate NONE
Gross Income 139920
Gross Operating Income 135722
Gross Rent Multiplier 22.48
Total Annual Expenses 65700
Vacancy Amount ($) 4198
$2.82M
Range: $2.54M-$3.1M
Last 30 days 
  • Apr 2024
    Public Records
  • Apr 30, 2024 Sold
    $1,875,000 (-30.6%)
  • Apr 2024
    mls logo MLS # 24-362049
  • Apr 30, 2024 Sold
    $2,700,000 (-14.1%)
  • Mar 22, 2024 Active
  • Feb 26, 2024 Listed
    $3,145,000
  • 412 Fischer St
    $2.7M
  • Somerset
    $505K -6% y/y
  • 91205
    $948K +5% y/y
  • Glendale
    $1M -16% y/y
No chart available
Statistics calculated by Movoto

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6/10
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Source: GreatSchools.org © 2026. All rights reserved.

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