FOR SALE0.43 ACRES
451 Hawthorne St
Glendale, CA 91204
Moorpark
43 Beds
44 Baths
23,673 sqft (on 0.43 acres)
- 43 Beds
- 44 Baths
- 23,673 sqft (on 0.43 acres)
43 Beds
44 Baths
23,673 sqft
(on 0.43 acres)
Local Information
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Commute Destination
Description
We are pleased to present an exceptional investment opportunity: 451 Hawthorne St, a 25-unit multifamily property located in the Moorpark neighborhood, just steps away from Downtown Glendale. This property, offered for sale for the first time in 33 years, represents a rare generational investment in the highly sought-after Downtown Glendale area, situated only one block from the Glendale Galleria and two blocks from the Americana on Brand.What sets 451 Hawthorne apart from other properties of similar vintage in Glendale is its distinctive architecture and layout, making it an ideal choice for investors seeking over 20% in rental upside through an interior and exterior renovation program. The property's value is further solidified by its zoning designation as R1250, which prohibits future multifamily developments of this size at this prime location.Constructed in 1989, this three-story property comprises six 1-bedroom/1-bathroom units, one 1-bedroom/1.5-bathroom + office townhouse unit, and eighteen 2-bedroom/2-bathroom units. Nine of these units have undergone renovations featuring custom kitchen cabinetry and updated bathrooms, while almost all units have received new vinyl plank or wood laminate flooring. Four units have undergone minor improvements, and the remaining 12 units have been well-maintained but not renovated. Many units feature private patios, common area patios, private balconies, and Juliette balconies. The average unit size is approximately 950 square feet, offering diverse floorplans suitable for family living. All units are equipped with central HVAC and are individually metered for gas and electric utilities.The property includes a subterranean garage providing 48 parking spaces for tenants, an owner's storage room, trash disposal area, an on-site laundry room, and elevator access. Recent capital expenditures have ensured the property's excellent condition, including a new sewer line, elastomeric roof coating, and the installation of 6 new HVAC package units. The remaining 19 HVAC package units are under contract to be replaced soon. 451 Hawthorne St. is conveniently situated between Broadway and Colorado St., with Central Ave. to the west and Pacific Ave. to the east. Residents have easy access to several nearby bus stops on Pacific Ave., Broadway, and Colorado St. Moreover, its proximity to the Glendale Galleria and Americana at Brand, both within one to two blocks, ensures a high demand for rental units in one of Glendale's most sought-after neighborhoods.
Home Highlights
Parking
48 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$488
Listed
66 days ago
Home Details for 451 Hawthorne St
Interior Features |
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Beds & Baths Number of Bedrooms: 43Number of Bathrooms: 44 |
Dimensions and Layout Living Area: 23673 Square Feet |
Appliances & Utilities Appliances: Range/Oven, RefrigeratorLaundry: Common AreaRefrigerator |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Levels, Entrance, & Accessibility Stories: 3Levels: Three Or MoreElevator |
Exterior Features |
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Exterior Home Features Other Structures: None |
Parking & Garage Number of Covered Spaces: 48No CarportNo GarageNo Attached GarageParking Spaces: 48Parking: Assigned |
Days on Market |
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Days on Market: 66 |
Property Information |
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Year Built Year Built: 1989 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Price & Status |
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Price List Price: $11,550,000Price Per Sqft: $488 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Glendale |
Agent Information |
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Listing Agent Listing ID: 24-360421 |
Building |
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Building Area Building Area: 23673 Square Feet |
Lot Information |
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Lot Area: 0.43 acres |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 1Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 24-360421 |
Last check for updates: 1 day ago
Listing courtesy of Sevak Keshishian DRE # 01887505, (818) 726-0922
Marcus & Millichap, (818) 212-2700
Source: CLAW, MLS#24-360421
Price History for 451 Hawthorne St
| Date | Price | Event | Source |
|---|---|---|---|
| 02/21/2024 | $11,550,000 | Listed For Sale | CLAW #24-360421 |
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Comparable Sales for 451 Hawthorne St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.67 | Multi-Family Home | $7,710,000 | 12/19/23 | 39 | 39 | 19,660 | |
0.45 | Multi-Family Home | $4,150,000 | 06/21/23 | 18 | 19 | 11,300 | |
0.42 | Multi-Family Home | $2,730,000 | 09/18/23 | 18 | 9 | 5,625 | |
0.74 | Multi-Family Home | $4,375,000 | 11/29/23 | 22 | 20 | 9,580 | |
0.29 | Multi-Family Home | $2,430,000 | 05/23/23 | 11 | 10 | 6,112 | |
0.21 | Multi-Family Home | $2,355,500 | 02/29/24 | 12 | 6 | - | |
0.56 | Multi-Family Home | $2,000,000 | 11/29/23 | 14 | 8 | 5,428 | |
0.32 | Multi-Family Home | $1,919,000 | 06/05/23 | 6 | 6 | 3,081 | |
1.19 | Multi-Family Home | $4,750,000 | 05/01/23 | 16 | 16 | 8,494 | |
0.30 | Multi-Family Home | $1,300,000 | 10/27/23 | 4 | 3 | 2,150 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Moorpark
- Robert Z.
- Resident
- 5y ago
"folks aren't friendly, lived this area for 3 years.just property prices going up and you can make money on properties if you are owner."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Sevak Keshishian, Marcus & Millichap
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.