123 129 N Jackson Street, Glendale, California 91206, Glendale, 91206 - 0 bed, 0 bath
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Glendale, California 91206
Analysis of 123 129 N Jackson Street, Glendale, California 91206 is currently available with a list price of $6,900,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Glendale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1950, this multi-family property is well-maintained but shows clear signs of age consistent with the 'fair' category. While functional and benefiting from partial replumbing and a 20-year-old sewer line, the units utilize dated wall heaters and through-the-wall AC units rather than central HVAC. The presence of original casement windows and the listing's suggestion to 'upgrade finishes' in vacant units indicate that kitchens, bathrooms, and general interior aesthetics are outdated and require modernization to meet current market standards.
Situated in Glendale’s Central Business District, the property is just blocks from premier destinations like The Americana at Brand and Glendale Galleria, ensuring high tenant demand and long-term appreciation.
Units are separately metered for electricity and gas with individual hot water heaters, significantly reducing owner operating expenses and simplifying utility management.
With two units currently held vacant, a new owner can immediately implement upgrades and capture market-rate rents without the costs or delays associated with tenant relocation.
The property provides only 10 covered parking spaces for 20 units, a 0.5:1 ratio that may be a significant drawback for tenants in a car-dependent market.
The reliance on wall heaters and through-the-wall air conditioning units rather than modern central HVAC systems may limit the property's appeal to premium-tier renters.
Outstanding opportunity to purchase two (2) quintessential, 1950-constructed apartment buildings located in Glendale’s Central Business District; the property consists of four (4), two (2) bedroom/one (1) bathroom units and sixteen (16), one (1) bedroom/one (1) bathroom units; the two (2) bedroom units have a separate dining area off the kitchen and living area; units are separately metered for electricity and gas and have their own hot water heaters; wall heaters and through-the-wall air conditioners; front and back doors for each of the units; covered entries with stairwells; the property has been partially replumbed (horizontal lines and some vertical lines); main sewer line replaced approximately 20 years ago; hip roofs; insulation in the attic; casement windows; ten (10) covered parking spaces; laundry room (machines owned); currently two (2) units are being held vacant so that the new owner can rent the units or upgrade the finishes as desired; the property is located just blocks away from The Americana at Brand and Glendale Galleria
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1950 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 3, 2026
$6,900,000
Initial Listing