|
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 services. 1 block away is the posh Mya rooftop restaurant and lounge which over looks the city’s skyline. There are also several school options within walking distance as well.Brand Boulevard, the cross street named after the city’s founder, is a host to major cooperate headquarters like New York Life & Service Titan along with others who employee several thousands. 1 mile from the subject property, tenants are at one of Los Angeles’s premier dining & shopping destinations, the Americana at Brand. Brand Boulevard has seen a major transformation since the inception of the Americana with a plethora of nightlife and entertainment.Well maintained, this ease of management asset will be a trophy in any investment portfolio.** Contact listing agent Greg Alexanian for offering memorandum and additional requests **
Last Updated | 4/29/2025 | Year Built | 1986 |
---|---|---|---|
Community | Rossmoyne & Verdu Woodlands | County | Los Angeles |
Additional Details
AREA | Rossmoyne & Verdu Woodlands |
---|---|
LOT | 8497 sq ft |
LOT DESCRIPTION | 6-10 Units/Acre |
POOL DESCRIPTION | None |
SEWER | Private Sewer |
STORIES | 1 |
WATER | Private |
ZONING | GLR4YY |
Location
Contact us about this Property
/ | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". |
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.