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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$1,650,000

Est. payment - /mo

7 Beds

5 Baths

3,740 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,740 sqft

Price per Sqft $441

MLS Listing ID 26977063

Bedrooms 7

HOA Y/N No

Year Built 1959

Lot Size 4,665 Sqft

Lot Dimensions Assessor

Property Description

We are pleased to present 1316 Barrington Way, a five-unit multifamily investment opportunity located in the desirable 91206 submarket of Glendale. Built in1959, the property consists of three one-bedroom/one bathroom units and two two bedroom/one-bathroom units situated on a 4,664-square-foot lot, with approximately3,740 square feet of building area. The property offers investors an attractive opportunity to acquire a well-located apartment asset with immediate value-add potential. Two of the five units are currently vacant, providing new ownership with the flexibility to renovate, reposition, and lease the units at current market rents. The vacancies also create the opportunity for an owner-user or investor seeking to implement improvements without disrupting the entire tenant base. Residents benefit from a strong parking ratio, with eight total parking spaces arranged within four tandem carport parking areas. The property also features on-site laundry facilities and is separately metered for gas and electricity. The combination of one- and two-bedroom floor plans allows the property to appeal to a broad range of renters seeking housing within Glendale. An additional component of the investment opportunity is the potential to explore the development of an accessory dwelling unit within the existing front carport area. Subject to applicable zoning requirements and City of Glendale approvals, this area may provide future ownership with the ability to increase the property's rentable square footage and create an additional income-producing unit (Buyer to Verify).Positioned within the established 91206 neighborhood of Glendale, 1316 Barrington Way offers convenient access to a wide range of shopping, dining, employment, and entertainment destinations. The property is located near Downtown Glendale, The Americana at Brand, Glendale Galleria, and several of the city's primary commercial corridors, while also benefiting from convenient access to major freeways and surrounding employment centers. With two vacant units, ample on-site parking, potential ADU upside, and a desirable Glendale location, 1316 Barrington Way presents investors with a compelling opportunity to acquire a multifamily asset with both immediate and long-term value creation potential.

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Garage, Tandem

Carport Spaces 4

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5645027010

Special Listing Condition Standard

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Listed by Derrick Vartanian Lyon Stahl Investment Real Estate, Inc. #01816119

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

1316 Barrington WAY Glendale, CA 91206

Ernie Caponera

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1316 Barrington WAY