616 E Lomita Avenue

Glendale, CA 91205

About this property

Presenting a fully renovated 4-unit apartment building with 4 additional ADU's with separate addresses alongside a separately metered three-bedroom, 1.5-bathroom single-family residence spanning over 1,200 sq. ft. This unique offering provides versatilityideal for an owner-user seeking rental income or an investor acquiring a 9-unit income property with potential future development opportunities. The property owner has preliminary plans for a proposed three-story, 11-unit apartment development (buyer to verify all feasibility and requirements with the city). Apartment Complex (616-618 E Lomita Ave.) and single-family residence (622 E. Lomita Ave.) are to be sold together. Please do not disturb tenants or access the property without prior authorization. All offers are subject to interior inspection. For further details, contact the listing office.

About this property

Presenting a fully renovated 4-unit apartment building with 4 additional ADU's with separate addresses alongside a separately metered three-bedroom, 1.5-bathroom single-family residence spanning over 1,200 sq. ft. This unique offering provides versatilityideal for an owner-user seeking rental income or an investor acquiring a 9-unit income property with potential future development opportunities. The property owner has preliminary plans for a proposed three-story, 11-unit apartment development (buyer to verify all feasibility and requirements with the city). Apartment Complex (616-618 E Lomita Ave.) and single-family residence (622 E. Lomita Ave.) are to be sold together. Please do not disturb tenants or access the property without prior authorization. All offers are subject to interior inspection. For further details, contact the listing office.

Features and Additional Information

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$3,374,000 Active
7,282 SqFt

Presented By Ann Marie Hammond

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Get in touch today! Phone: 1-760-403-5219
License #01161667
Brokerage
Sarian Realty 800-920-1984
1-800-920-1984
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Area Information

624 Glendale Chevy Chase | E. Glenoaks | Los Angeles County |

$ 3,374,000
This listing is play_arrow 277.0% higher than the average in the area
$ 895,000 in the area
7,282 SqFt
This listing is play_arrow 626.7% larger than the average in the area
1,002 SqFt in the area
$ 463 $/SqFt
This listing is play_arrow 48.1% less than the average in the area
$ 893 $/SqFt in the area
71 days on site
This listing is play_arrow 787.5% above the average in the area
8 days on site in the area

Schools in the Area

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Listed By Thomas Khodjasarian
Brokerage: Sarian Realty 800-920-1984

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