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Glendale Fourplex sold

I am so relieved to report this Glendale fourplex sold! Some are much more difficult than others. We listed this property in September of 2023. We understand that endless showings are a disruption. Typically, tenants are unhappy when their “home” is being sold. There is a lot of uncertainty. When we list units, we often try to limit showings as a courtesy to the tenants. We hire a professional to complete a floor plan and have a photographer take pictures. In addition, we do a pre-inspection and termite inspection. Before showing, we have the buyer sign off on the inspection and submit a preapproval.

Glendale Fourplex sold

The tenants decided that they didn’t want to allow interior photos. And one tenant refused complete access to the measurer and general inspector. There were a lot of unnecessary showings because potential buyers didn’t know what the units looked like inside. Additionally, one tenant required anyone entering his unit to sign a non-disclosure (NDA). And no, he was not a celebrity.  The Harb & Co. Team did not sign the NDA, and we did not accompany buyers and agents in his unit for showings.

We had one escrow cancel because of a verbal altercation with this tenant. This Glendale fourplex was sold last week. Listed at $1,650,000 and sold for $1,475,000. It should have sold for more, but the seller took a financial hit because of the tenant’s lack of cooperation, which we carefully documented and disclosed to all potential buyers.

See what they bought!

One thought on “Glendale Fourplex sold

  1. Sam says:

    Wow I wonder what will happen with the tenant now with a new landlord?

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