1055 Allen, Glendale, CA 91201
- $2,450,000
- Sold Price
- $2,450,000
- List Price
- $2,450,000
- Closing Date
- Mar 25, 2026
- Status
- CLOSED
- MLS#
- GD26015222
- Year Built
- 1926
- Lot Size
- 10,079
- Acres
- 0.23
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 39
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- One Level
Property Description
1055-1057 Allen Avenue is a fully renovated five-unit multifamily property consisting of three buildings situated on a 10,079 sqft lot, offering a compelling blend of modern design, strong tenant demand, and long term investment stability. The property features four (4) 1 bedroom / 1 bathroom units and one (1) detached 2-bedroom / 1-bathroom single-family with a private backyard, All units interior and exterior have been completely gutted and renovated, with no expense spared. Interior upgrades include open floor plans, high ceilings, new flooring, recessed lighting, and modern white kitchens with generous cabinet space. Bathrooms have been upgraded with walk-in showers and contemporary fixtures, and in-unit laundry hookups are provided in every unit. The property offers private garages for each unit, accessed from the alley, along with a professionally landscaped courtyard featuring palm trees and fresh greenery, enhancing curb appeal and tenant satisfaction. This property offers excellent privacy, low operating costs, and minimal management needs. Conveniently located near shopping, dining, and major freeways, making a true turnkey investment with steady income potential and long-term upside in a strong rental market.
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $165,000
- Operating Expense
- 42048
- Garage Spaces
- 5
- Levels
- One
- Parking Spaces
- 5
Listing courtesy of Listing Agent: Rafik Bazikian (rafik.bazikian@yahoo.com) from Listing Office: Imperial Realty Co..
Listing sold by Ogsen Mahseregyan from Glencore Properties
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.