Just Listed: A 12-unit investment opportunity located in the high barrier to entry neighborhood of Glassell Park. The property consists of a couple structures: a 9-unit built in 1950 showcasing 7- 1bedroom units and 2-2bedroom units and a triplex built in 1924 consisting of a studio, 1-bedroom and 2-bedroom unit. The opportunity sits on 27,433 squrae feet of land and due to the zoning and favorable accessory dwelling unit regulations, a new owner may have the ability to build five (5) additional units on the premises (buyer to verify). Lastly, there is assumable JP Morgan Chase financing in the amount of $1,961,750. The fixed interest rate of 3.71% becomes variable in December 2026.
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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