1305 Aristo, Glendale, California 91201, Glendale, 91201 - 3 bed, 2 bath
ACTIVE$1,100,000$1,156/sqft
1305 Aristo, Glendale, California 91201
3Beds
2Baths
1,156Sqft
4,997Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Property: The property features two rear units that currently generate rental income, offering immediate cash flow and investment potential.
Top Cons:
Age of Property: Built in 1947, the property may require significant updates, maintenance, and could have outdated systems, incurring additional costs.
Compared to the nearby listings
Price:$1.10M vs avg $1.10M (+$0)50%
Size:1,156 sqft vs avg 1,837 sqft33%
Price/sqft:$952 vs avg $65767%
More Insights
Built in 1947 (79 years old).
Condition: The main house interior, including the kitchen and bathroom, has been extensively and recently renovated to an excellent standard with modern appliances, fixtures, and finishes (e.g., white shaker cabinets, stainless steel appliances, farmhouse sink, modern tile shower, hardwood floors, recessed lighting). However, the property was built in 1947, and while the main house interior is move-in ready, the exterior shows some neglected landscaping and general wear around the utility areas/rear units. The listing description also mentions 'brimming with potential' and 'renovation required,' which, combined with the age of the property and its triplex nature (with unpictured rental unit interiors), suggests that while the main unit is superb, the overall property may still have older systems or areas requiring attention beyond the visible renovations.
Year Built
1947
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$952
HOA
-
Days on market
-
Sold On
-
MLS number
SR25278585
Home ConditionGood
Features
Good View: None
Patio
View-
About this home
Discover this spacious 3-bedroom, 2-bathroom home brimming with potential. Located in a desirable neighborhood of Glendale, this property features two rear units that currently generate rental income. Buyer and buyer’s agent to verify all permits and zoning regulations. The main house is vacant and ready for your personal touch! This property is perfect for investors or homeowners looking for additional income opportunities. Don't miss out on this unique chance to make this home your own while benefitting from the existing rental income. Professional photos coming soon. Schedule your showing today!
S
Sarkis Hajibekian
Listing Agent
Price History
Date
Event
Price
08/16/23
Sold
$687,500
03/30/21
Sold
$875,000
09/19/17
Sold
$725,000
Condition Rating
Good
The main house interior, including the kitchen and bathroom, has been extensively and recently renovated to an excellent standard with modern appliances, fixtures, and finishes (e.g., white shaker cabinets, stainless steel appliances, farmhouse sink, modern tile shower, hardwood floors, recessed lighting). However, the property was built in 1947, and while the main house interior is move-in ready, the exterior shows some neglected landscaping and general wear around the utility areas/rear units. The listing description also mentions 'brimming with potential' and 'renovation required,' which, combined with the age of the property and its triplex nature (with unpictured rental unit interiors), suggests that while the main unit is superb, the overall property may still have older systems or areas requiring attention beyond the visible renovations.
Pros & Cons
Pros
Income-Generating Property: The property features two rear units that currently generate rental income, offering immediate cash flow and investment potential.
Desirable Location: Located in a desirable neighborhood of Glendale, enhancing property value and appeal.
Versatile Opportunity: Perfect for both investors seeking rental income and homeowners looking to offset mortgage costs.
Vacant Main House: The main house is vacant and ready for immediate owner-occupancy or renovation without tenant displacement.
Multi-Unit Configuration: Classified as a Triplex, providing inherent value as a multi-family residential income property.
Cons
Age of Property: Built in 1947, the property may require significant updates, maintenance, and could have outdated systems, incurring additional costs.
Permit and Zoning Verification: The listing explicitly states buyers must verify all permits and zoning regulations, indicating potential compliance issues or uncertainty regarding the rental units.
Renovation Required: The main house is described as 'brimming with potential' and 'ready for your personal touch,' implying it needs substantial renovation or modernization, adding to the buyer's initial investment.