Buy with Yoreevo
$1,522,875
List Price: $1,550,000
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6938 Myrtle Avenue
House in Glendale •  building info
studio
Buy with Yoreevo

$1,522,875

List Price

$1,550,000

Key Details
Days on market
20
Last price change
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Estimated payment
$9,297/mo
Taxes
$708/mo
Maintenance
N/A
Description
PRIME MIXED USE INVESTMENT OPPORTUNITY IN THE HEART OF MYRTLE AVE! Welcome to 6938 Myrtle Ave, a rare mixed-use asset offering strong income, zero deferred maintenance, and exceptional upside. Perfect for both investors and owner operators seeking a high yield property in a high demand corridor. This Property offers Three income producing units with an impressive projected gross income of $132,216 Annually, supported by stable residential rents and a high visibility commercial space. Current Rent Roll 4 Bedroom Residential Unit: $3868/Month - VACANT 3 Bedroom Residential Unit: $2,150/Month - Occupied 2 Commercial Spaces: $5,000/Month-VACANT (Projected) (1 entry on 6938 Myrtle Ave, 2nd entry on 6937 Cooper Ave ) Space can be split in two different spaces or 1 large space. Total Annual Expenses: $13,500 Net Operating Income (NOI): $118,716 Cap Rate: 7.7 The Commercial Store front offers excellent, exposure on busy Myrtle Ave- Ideal for retails, Professional use, or stable long term tenancy. The Residential units are well sized, separately metered, and positioned for long term cash flow. Whether You're looking to expand your portfolio or secure a reliable mixed use building in a prime location, this property delivers strong numbers, strong location, and strong potential. A PERFECT BLEND OF STABILITY AND OPPORTUNITY- DON'T MISS OUT!

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,550,000
Asking Price: $1,550,000
Term
30 Years
Down Payment
$155,000 (10%)
Min: 10% (155,000)
Rate
6.25 %
Mortgage Amount
$1,395,000
Mortgage Payment
$8,589
Taxes
$708
Estimated Yoreevo rebate
$27,125
Estimated closing cost
$55,000
Total monthly cost $9,297
Buy your dream home with us and get an estimated $27,125 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of eXp Realty

Information ©2025, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.