CA > Glendale
Glendale, CA 91205,427 Lincoln Ave
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Glendale, CA 91205,427 Lincoln Ave
Glendale, CA 91205,427 Lincoln Ave
Glendale, CA 91205,427 Lincoln Ave
Glendale, CA 91205,427 Lincoln Ave
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Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 4,375,000
Est. payment /mo
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427 Lincoln Ave Glendale, CA 91205

23 Beds

22 Baths

10,162 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,162 sqft

Price per Sqft $430

MLS Listing ID 25563101

Bedrooms 23

Construction Status Updated/Remodeled

Year Built 1986

Lot Size 9,146 Sqft

Acres 0.2114

Property Sub-Type Multi-Family

Property Description

We are please to present 427 Lincoln Avenue, an eleven-unit multifamily investment opportunity located in the Somerset neighborhood of East Glendale. This well-maintained asset will provide the next investor with the opportunity to capture approximately 33% in rental upside through an interior renovation program. The property also includes an occupied non-conforming one-bedroom unit that can be converted to an ADU as bonus income. Constructed in 1986, the asset comprises ten two-bedroom/two-bathroom units and one three-bedroom/two-bathroom units spread across 10,162 square feet. All units have separate meters for gas and electricity, individual water heaters, central HVAC. The property has gated entry, an on-site laundry room, and subterranean parking with 27 parking spaces. The property sits on a 9,146 square foot lot and is zoned R2250, making the existing number of units irreplaceable with the current zoning. Situated just south of Colorado Boulevard and east of Verdugo Road, 427 Lincoln Avenue is less than 2 miles from The Americana on Brand and less than 1 mile from Eagle Rock Plaza. Both Colorado Boulevard and Verdugo Road are major thoroughfares in Glendale where tenants can find a variety of retail, restaurants, and places of business within these corridors. Commuters are within minutes from the nearest on-ramp to the CA-2 and CA-134 Freeways, offering ease of access to the Eagle Rock, Highland Park, Burbank, Los Feliz, Atwater, Downtown Los Angeles, and all of San Gabriel Valley.

Location

State CA

County Los Angeles

Area Glendale-South Of 134 Fwy

Zoning R2250

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Garbage Disposal, Range/Oven, Refrigerator

Laundry Room

Exterior

Parking Features Subterranean

Garage Spaces 27.0

Pool None

Building

Story 2

Level or Stories Multi/Split

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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