1117 Linden Avenue

Glendale , CA 91201

MLS#: 23292563

$6,650,000

Status: Closed
Listing number: 23292563
Listing provided by: Marcus & Millichap
Listing agent phone: None
Last update: 2 years ago
On site: 2 years ago
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Property

Beds

32

Full Baths

None

1/2 Baths

None

Year Built

1986

Sq.Footage

14,706

1117 Linden Ave is a 17 + 1 unit apartment building located in Glendale, a neighborhood in the San Fernando Valley. Built in 1986, the property consists of two (2) one-bedroom + one-bathroom units and fifteen (15) two-bedroom+ two-bathroom units. Additionally, the building has an additional non-conforming unit that could potentially be legalized into a two-bedroom + two-bathroom unit (buyer to do own investigation).1117 Linden Ave is located on a charming, tree-lined street in Glendale. There is no shortage of activities to explore in the area. From shopping at the Burbank Town Center or Glendale Galleria to exploring Griffith Park and Stough Canyon, just a few miles away. Glendale lies at the eastern end of the San Fernando Valley, the location provides convenient access to the 134 and 5 freeways, further extending the area's connectivity to the rest of Los Angeles.1117 Linden Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 3.49% with the ability to improve to a 6.09% CAP rate once units turnover.

Features & Amenities

Interior

  • Total Bedrooms

    32

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Garage

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.3075

  • Property Type

    Residential Income

Price

  • Sales Price

    $6,650,000

  • Sq. Footage

    14, 706

  • Price/SqFt

    $452

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Los Angeles

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Listing Courtesy of Michael Sterman , Marcus & Millichap

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1117 Linden Ave is a 17 + 1 unit apartment building located in Glendale, a neighborhood in the San Fernando Valley. Built in 1986, the property consists of two (2) one-bedroom + one-bathroom units and fifteen (15) two-bedroom+ two-bathroom units. Additionally, the building has an additional non-conforming unit that could potentially be legalized into a two-bedroom + two-bathroom unit (buyer to do own investigation).1117 Linden Ave is located on a charming, tree-lined street in Glendale. There is no shortage of activities to explore in the area. From shopping at the Burbank Town Center or Glendale Galleria to exploring Griffith Park and Stough Canyon, just a few miles away. Glendale lies at the eastern end of the San Fernando Valley, the location provides convenient access to the 134 and 5 freeways, further extending the area's connectivity to the rest of Los Angeles.1117 Linden Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 3.49% with the ability to improve to a 6.09% CAP rate once units turnover.

1117 Linden Avenue

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