Property Details
About this Property
Rare Assumable Loan fixed at 3.20% until 2032! Located in one of Glendale’s 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 mix—Two: 3 Bed / 2 Bath, Four: 2 Bed / 2 Bath, and Two: 1 Bed / 1 Bath units—designed to attract a broad tenant base and maintain low vacancy rates. Currently delivering a strong 5.0% CAP rate, the property’s performance is significantly enhanced by an assumable $2,050,000 loan at a low 3.20 % fixed interest rate, locked in through June 2032—a rare and valuable advantage in today’s 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. There’s also immediate rental upside, with allowable rent increases this year of approximately $700/month, creating a clear path to boost NOI and overall cash flow. Four units have been recently remodeled with modern finishes, adding to the property’s rentability and tenant appeal. All units are equipped with central heating and air conditioning, enhancing comfort and value. Strategically located in a
MLS Listing Information
MLS #
CRBB25118417
MLS Source
California Regional MLS
Parking, School, and Other Information
Garage/Parking
Garage: 14 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1021 Linden Ave is a Residential Income in Glendale, CA 91201. This – square foot property sits on a 7,750 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,725,000 and was built in 1988. This address can also be written as 1021 Linden Ave, Glendale, CA 91201.
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This listing information is up-to-date as of November 30, 2025. For the most current information, please contact David Nalbandyan, (855) 525-7653
