440 Milford St Save Request In-Person Tour Request Virtual Tour
Glendale,CA 91203
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 9,476 sqft
Price per Sqft $474
MLS Listing ID 24-428101
Bedrooms 18
Year Built 1979
Lot Size 0.334 Acres
Property Description
440 W. Milford is a 12-unit courtyard-style complex in the suburban family-oriented neighborhood of Glendale. The property is located on a quiet tree-lined street with a mix of single-family homes, well-maintained apartment buildings and across from Columbus Elementary School. Located 0.8 miles from the heart of Downtown Glendale, this well-maintained property is under a mile from The Americana, Glendale Galleria, and a wide array of popular retailers, cafes, and restaurants along Brand Boulevard. Built-in 1979, the 2-story complex features (5) 2-bdrm. and 2-bath units, (1) 2- bdrm. unit, and (6) 1-bdrm. units. These units reside on a nicely landscaped 14,554 SF double lot zoned GLR4 that presents a possible opportunity to add ADUs (buyer to verify). Property amenities include approx. 18 covered parking spaces, balconies for select units, and controlled access. Please note, The City of Glendale currently allows an 8.8% annual rent increase, 5% + CPI (Consumer Price Index). 440 W. Milford will stabilize at a 6.06% CAP and 11.84 GRM with projected market rents for renovated units.
Location
State CA
County Los Angeles
Area Glendale-South Of 134 Fwy
Zoning GLR4*
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Flooring Other
Equipment Built-Ins, Cable, Garbage Disposal, Range/Oven, Hood Fan
Laundry Community
Exterior
Garage Carport, Covered Parking, Detached
Garage Spaces 18.0
View Y/N No
View None
Building
Lot Description 2-4 Lots
Story 2
Level or Stories Two
Others
Special Listing Condition Standard