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224 N Jackson St
For Sale $2,998,000 ($482.54 per Sq Ft)
$2,998,000 ($482.54 per Sq Ft)
- 5 Units
- 6,213 Sq Ft
- 7,968 Sq Ft
- Unknown Cap Rate
Description
Located ideally in the heart of Glendale is this completely remodeled and stabalized 5 unit apartment building ready to be the trophy property. The unit mix is balanced with three 2/2 units, one 3/2 unit, one 1/1 unit. The 2026 scheduled gross income is $196,753 after a modest 5% rent increase. Some of the updates include new kitchens, bathrooms, flooring, central AC & heating, laundry in each unit, paint inside and out, water heaters, 400 amp panel, plumbing. All appliances are included. 5 car detached garage. Convert all or part of the garage into an ADU or build one on top (Buyer to verify). Tenants pay for their own electricity and gas.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,998,000 |
| Property Type | Multi-Family |
| Usable Sqft | 6,213 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1931 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5642018049 |
| MLS # | 25553291 |
| Property ID | 321898496 |
| Lot Sqft | 7,968 |
| Zoning | GLR4YY |
| Total Units | 5 |
| Days on Market | 174 |
| Original List Price | $3,399,000 |
| Date Updated | October 08, 2025 |
| Date Created | June 16, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 10 | 9.00 | $39,350 | $196,753 |
| Gross Income (Yr) | $ 196,753 |
| Operating Expenses | $ 53,731 |
| Net Income (Yr) | $ 142,842 |
Listing Provided By
Aram Gaboudian an agent of . Lic #01493911
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