237 N Kenwood St

We are pleased to announce the opportunity to purchase 237 North Kenwood Street, a 3-unit multifamily property in heart of Downtown Glendale. Available for the first time in 57 years, this property provides a truly rare and unique opportunity for an investor to become the second owner of one of the largest triplexes in the entire city of Glendale. Built in 1968, this 6,564 square foot fully vacant triplex is comprised of three very large townhouse style units. All units are approximately 2,100-2,200 square feet with identical layouts; the main floor includes a kitchen, dining area, living room with a fireplace, two bedrooms, and two bathrooms while the lower floor consists of a very large den with a fireplace, bathroom, and laundry room. Buyers will have a completely blank slate to remodel units as they wish and possibly convert all dens into a 3rd bedroom. The property provides tenants with six parking spaces that include a combination of private car garages and car ports, as well as a deck area above the parking at the rear that can be converted into additional amenity space for tenants. The exterior has been well maintained; upgrades include a new roof, new windows, and exterior painting. The property's plumbing and electrical systems have been well maintained and all units are individually metered for gas and electricity. Due to being fully vacant, there is an opportunity for the implementation of a RUBS program that will require tenants to reimburse the new Landlord for water and power charges as well. Located between California Ave and Wilson Ave, 237 N. Kenwood is just three blocks east of Brand Blvd, one of Glendale's main thoroughfares. Residents of this property are within walking distance to multiple bus stops located on Brand Blvd, the Glendale Fashion Center, the Glendale Galleria, and the famous Americana at Brand. Brand Blvd is lined with many restaurants, retail shops, businesses, office buildings and brand-new mixed-use properties. The area is home to most of Glendale's newest developments and is the heart of the city. The proximity to the 134 Freeway will provide tenants with an easy commute to nearby neighborhoods such as Burbank, Eagle Rock, Los Feliz, Downtown Los Angeles, Pasadena, and all areas of San Fernando Valley.