Description
Court Ordered Sale, subject to court confirmation and overbid. Twenty (20) unit apartment building located in the high barrier to entry market of Glendale. Originally constructed in 1962, the subject property features 15,130 rentable square feet with a unit mixed comprised of eighteen (18) 1 bed + 1 bath units, and two (2) 2 bed + 1 bath units. Tenants enjoy onsite parking, (18 tuck under spaces) pool, and an a coin operated laundry facility. The property could benefit from new exterior paint, fascia boards, and kempt landscaping. Many units features laminate flooring, and all units with kitchens and bathrooms waiting to be upgraded and modernized. Approx. 50% of the units feature electric appliances while the reaming units features gas appliances. Each unit also features individual hot water heaters. This value added opportunity provides an investor with the opportunity to acquire a benchmark property with approximately 23%+/- rental upside. Do not go onto property, drive by only.
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22BEDS
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0.4ACRES
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0BATHS
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01/2 BATHS
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15,130SQFT
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$307$/SQFT
School Ratings & Info
Description
Court Ordered Sale, subject to court confirmation and overbid. Twenty (20) unit apartment building located in the high barrier to entry market of Glendale. Originally constructed in 1962, the subject property features 15,130 rentable square feet with a unit mixed comprised of eighteen (18) 1 bed + 1 bath units, and two (2) 2 bed + 1 bath units. Tenants enjoy onsite parking, (18 tuck under spaces) pool, and an a coin operated laundry facility. The property could benefit from new exterior paint, fascia boards, and kempt landscaping. Many units features laminate flooring, and all units with kitchens and bathrooms waiting to be upgraded and modernized. Approx. 50% of the units feature electric appliances while the reaming units features gas appliances. Each unit also features individual hot water heaters. This value added opportunity provides an investor with the opportunity to acquire a benchmark property with approximately 23%+/- rental upside. Do not go onto property, drive by only.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-06T23:42:21.233. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.