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Listed by Levon Alexanian • Keller Williams World Media Center
$ 4,275,000
Est. payment | /mo
8,497 Sqft Lot
$ 4,275,000
Est. payment | /mo
8,497 Sqft Lot
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRSR25094328
Originating Board California Regional MLS
Year Built 1986
Lot Size 8,497 Sqft
Property Description
The Alexanian Apartment Advisors are pleased to announce that we have been selected as exclusive advisor to the seller for this remarkable multifamily investment acquisition opportunity in Glendale. The building was built in 1986 with great floorplan of 10,295 sq ft over subterranean parking. The asset incorporates Central AC, gated access control and parking, and private balconies. A remarkable unit mix of (1) 3+2.5 approx 1,600 sq ft townhouse style unit with washer dryer inside the unit, and the remaining (8) units are all 2+2 with spacious floor plans. There is a significant rental upside due to the location, size and quality of the offering. Rarely is there turnover, the area feels like a historical vacancy-proof pocket. The current ownership has done a great job of managing the asset, recently replacing the roof, replacing all 9 AC units, replacing the garage gate along with motor and sensors and currently upgrading the intercom system to a Akuvox X912 with a C313W-2 in apartment touch screen audio and video display. Situated in the most sought-after part of Glendale, the 91207 zip code median home price is $1,800,000 per Redfin.com. Tenants enjoy the ability to walk to Trader Joe's Coffee Bean, Walgreens in addition to a plethora local shops, cafes, eateries and ser
Location
State CA
County Los Angeles
Area 627 - Rossmoyne & Verdu Woodlands
Interior
Laundry Laundry Area
Exterior
Pool None
Building
Story One Story
Water Private
Others
Tax ID 5644011008
Special Listing Condition Not Applicable , Accepting Backups
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Tim Alford & Faye Bon
REALTOR® | Lic# 01507448 | 01746037