1021 Linden Avenue, Glendale, CA 91201

Rare Assumable Loan fixed at 3.20% until 2032! Located in one of Glendales 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 mixTwo: 3 Bed / 2 Bath, Four: 2 Bed / 2 Bath, and Two: 1 Bed / 1 Bath unitsdesigned to attract a broad tenant base and maintain low vacancy rates. Currently delivering a strong 5.0% CAP rate, the propertys performance is significantly enhanced by an assumable $2,050,000 loan at a low 3.20 % fixed interest rate, locked in through June 2032a rare and valuable advantage in todays 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. Theres also immediate rental upside, with allowable rent increases this year of approximately $700/month, creating a … read more …