601 Alexander St, Glendale, CA 91203

Triplex in Glendale with Over 100% Upside | All-Cash 14 Day Close

Sold: $920,000

all_floors_601_alexander_street_left_unit_glendale_with_dim.jpg

Property Highlights

Triplex built in 1941
1-Bedroom Units average 525 Square Feet Each
1,575 SqFt of living space on a 0.13 Acre Lot
$584.13 PSP | $306K PPU
Three single-car garages adjacent to units, plus 3 uncovered parking spaces
Significantly under market rents provide over 100% upside on potential rents
Located in the Vineyard neighborhood just South of the 134 and East of I-5
Sold in just 3 weeks from listing to closing
All cash buyer with a quick 14-day escrow

The Deal Story

The Glaser Group is pleased to announce the closing of 601 Alexander St in Glendale, CA. This charming single-story triplex, built in 1941, is nestled in a serene residential neighborhood that offers both tranquility and convenience. Residents enjoy easy access to downtown Glendale's vibrant amenities, including a diverse array of dining options, shopping centers, and entertainment venues. Located just south of the 134 freeway and east of Interstate 5, the property boasts excellent connectivity to major highways and public transportation.

The sellers, a long-time family trust, inherited the property from their parents after decades of ownership. We successfully closed the sale in just three weeks from listing, representing an all-cash buyer with a swift 14-day escrow. In total, we generated 5 all cash offers in a 7 day period after listing.

If you're interested in exploring a similar sale or purchase, please shoot us an email or call us at 310-230-5157.

We'd be happy to help.