Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1986
Sq.Footage
N/A
This sprawling Spanish Villa style property is comprised of 33 Apartment Homes. This immaculately maintained trophy asset is located in the coveted Southern California community of Glendale. Flanked by lush landscaping, it exemplifies a sense of serenity and privacy within the access controlled campus like setting. This non rent controlled property was constructed by the seller in 1986 and features an excellent unit mix: 12 - 1 Bedroom + 1 Bathroom units, 18 - 2 Bedroom + 2 Bathroom units, and 3 - 2 Bedroom + 2 Bathroom Town home units. Rents are approximately 20% below market, which could provide investors with a significant re-positioning opportunity. Pro forma cap rate is 4.62% and Pro forma GRM is 14.27. Please drive by only. Do not walk on the property grounds, or disturb tenants. We are showing this asset with an accepted offer only. All submitted offers should be accompanied by proof of funds.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.566
-
Property Type
Residential Income
Exterior
-
Garage
No
-
Parking
Underground
Financial
-
Sales Price
$10,560,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Kristy Elaine , Beitler Commercial Realty Serv
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