We are please to present 427 Lincoln Avenue, an eleven-unit multifamily investment opportunity located in the Somerset neighborhood of East Glendale. This well-maintained asset will provide the next investor with the opportunity to capture approximately 33% in rental upside through an interior renovation program. The property also includes an occupied non-conforming one-bedroom unit that can be converted to an ADU as bonus income. Constructed in 1986, the asset comprises ten two-bedroom/two-bathroom units and one three-bedroom/two-bathroom units spread across 10,162 square feet. All units have separate meters for gas and electricity, individual water heaters, central HVAC. The property has gated entry, an on-site laundry room, and subterranean parking with 27 parking spaces. The property sits on a 9,146 square foot lot and is zoned R2250, making the existing number of units irreplaceable with the current zoning. Situated just south of Colorado Boulevard and east of Verdugo Road, 427 Lincoln Avenue is less than 2 miles from The Americana on Brand and less than 1 mile from Eagle Rock Plaza. Both Colorado Boulevard and Verdugo Road are major thoroughfares in Glendale where tenants can find a variety of retail, restaurants, and places of business within these corridors. Commuters are within minutes from the nearest on-ramp to the CA-2 and CA-134 Freeways, offering ease of access to the Eagle Rock, Highland Park, Burbank, Los Feliz, Atwater, Downtown Los Angeles, and all of San Gabriel Valley.
Property Details
Price:
$4,375,000
MLS #:
25563101
Status:
Active
Baths:
0
Address:
427 Lincoln Avenue
Type:
Residential Income
Neighborhood:
628glendalesouthof134fwy
City:
Glendale
Listed Date:
Jul 11, 2025
State:
CA
ZIP:
91205
Lot Size:
9,146 sqft / 0.21 acres (approx)
Year Built:
1986
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Schools
Interior
Appliances
Disposal, Refrigerator
Cooling
Central Air
Heating
Central
Exterior
Parking Features
Subterranean
Parking Spots
27.00
Pool Features
None
Security Features
Automatic Gate, Carbon Monoxide Detector(s), Fire Sprinkler System, Gated Community, Smoke Detector(s)
Spa Features
None
Stories Total
2
Financial
Map
Community
- Address427 Lincoln Avenue Glendale CA
- Area628 – Glendale-South of 134 Fwy
- CityGlendale
- CountyLos Angeles
- Zip Code91205
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427 Lincoln Avenue
Glendale, CA
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