$1,615,000 - 5081 Glen Iris Avenue, Los Angeles

Los Angeles Home Sale

Glen Iris Gardens is a beautifully maintained, pride-of-ownership 4-unit property located in the desirable Los Angeles neighborhood of Eagle Rock. Built in 1950, this charming 3,410 sqft, single-story asset sits on a 9,871 sqft lot. The property consists of 2 separate buildings featuring a raised foundation and pitched composition shingle roofs. The unit mix includes one 1-bedroom/1-bath unit, two 2-bedroom/1-bath units, and one 3-bedroom/1.75-bath unit. Each unit enjoys its own designated parking space (7 total) with Unit 5087 additionally renting a one-car storage space for $150/month. All units are individually metered for gas, electricity and hot water, while the owner covers water, sewer and trash services. Interiors boast of original hardwood floors or updated vinyl plank flooring, vinyl flooring in kitchens and bathrooms and charming tile or stone countertops alongside gas stoves/ovens. Each unit is equipped with wall A/C units and gravity heating for comfort. Threeunits (5081, 5083 and 5085) offer in-unit washer/dryer hookups, there is no common laundry facility. The property has original galvanized plumbing (repaired as needed) and older electrical sub-panels. Glen Iris Gardens is subject to Los Angeles rent control regulations, and buyers are advised to independently verify all property details. This is a rare opportunity to own a well-cared-for, low-maintenance income property in a strong rental market.