See all 14 photos
14 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$4,375,000
Est. payment /mo
10,162 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,162 sqft
Price per Sqft $430
MLS Listing ID CL25563101
HOA Y/N No
Year Built 1986
Lot Size 9,146 Sqft
Acres 0.21
Property Sub-Type Other
Property Description
We are please to present 427 Lincoln Avenue, an eleven-unit multifamily investment opportunity located in the Somerset neighborhood of East Glendale. This well-maintained asset will provide the next investor with the opportunity to capture approximately 33% in rental upside through an interior renovation program. The property also includes an occupied non-conforming one-bedroom unit that can be converted to an ADU as bonus income. Constructed in 1986, the asset comprises ten two-bedroom/two-bathroom units and one three-bedroom/two-bathroom units spread across 10,162 square feet. All units have separate meters for gas and electricity, individual water heaters, central HVAC. The property has gated entry, an on-site laundry room, and subterranean parking with 27 parking spaces. The property sits on a 9,146 square foot lot and is zoned R2250, making the existing number of units irreplaceable with the current zoning. Situated just south of Colorado Boulevard and east of Verdugo Road, 427 Lincoln Avenue is less than 2 miles from The Americana on Brand and less than 1 mile from Eagle Rock Plaza. Both Colorado Boulevard and Verdugo Road are major thoroughfares in Glendale where tenants can find a variety of retail, restaurants, and places of business within these corridors. Commuters are
Location
State CA
County Los Angeles
Zoning R225
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 5680020005
Read Less Info
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Sevak Keshishian • Marcus & Millichap