$5,300,000
Fully renovated 15-unit apartment building with additional income from 8 storage units in prime Glendale location. Recently remodeled with updated interiors and systems, offering a turnkey investment opportunity. Offered below appraised value with a projected 6%+ CAP rate (pro forma). Ideal for lease-up or value-add strategy (buyer to verify). Conveniently located near The Americana at Brand and Glendale Galleria with easy access to shopping, dining, and major freeways. Excellent opportunity for investors and 1031 exchange buyers.
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Listed by Steve Hovakimyan with City Center Realty Group (818) 845-5551
Property Type
Apartment
Status
Active
MLS Number
BB26092017
Year Built
1931
Lot Size
8,851 sq ft