Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
339 Western Avenue . Glendale , CA 91201
For sale 7 Renovated Units in Prime Glendale cash flowing at 4.7% Cap Rate and 14.8 GRM. For more information to submit an offer contact the listing agent Armin Soleimani arminsoleimani@gmail.com 310 666-2246
Posted: 03/22/2023 2:25 pm
| On HOMEiZ: 408 days |
Updated: 2 weeks ago
| Views: 626
Location Map
Property Type
Available
Property Price
$2795000
$1150000
07/17/2020
8,294.00
Sq. Ft.
$791
3534
2.5%
4.7%
$0
$131365
14.80
1.25%
$34938
Property Location & Description
For sale 7 Renovated Units in Prime Glendale cash flowing at 4.7% Cap Rate and 14.8 GRM. For more information to submit an offer contact the listing agent Armin Soleimani arminsoleimani@gmail.com 310 666-2246
Rent Control
7 Renovated Units in Prime Glendale cash flowing at an amazing 4.7% Cap Rate and 14.8 GRM from Day 1. Attractive Assumable Financing at only a 4.4% interest rate, $1,670,000 fixed for 5 years. Priced at only 399k/door for fully renovated units with top-of-the-line finishes and features such as in-unit washer and dryer, stainless steel appliances, recessed lighting, fully remodeled kitchens with modern cabinets, and renovated bathrooms with floating vanities! All units are individually metered for electricity and gas. Preliminary plans to add 2 Detached ADUs in the back for future upside. Large 8,294 SF lot with carport parking in the back. Rare opportunity to purchase a cash-flowing building with an upside to a 5.4% Cap Rate and 13.3 GRM on proforma with assumable financing at only a 4.4% interest rate. This bundle of benefits is hard to find in today's market.
The property is in a quiet Glendale neighborhood South of the 5 freeway and bordering the city of Burbank. It is in close proximity to the Disney Studios, Downtown Burbank, Downtown Glendale, 5 & 134 freeways!
7
$399286
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1
7
2.
3.
4.
5.
5626-002-001
R3, Glendale
100%
Wood & Stucco
2
1953
Very good
7 Renovated Units in Prime Glendale cash flowing at an amazing 4.7% Cap Rate and 14.8 GRM
Priced at only 399k/door for renovated units
Prelim Plans to add 2 Detached ADUs in the back
Attractive Assumable Financing at only 4.4% interest rate, $1,670,000 fixed for 5 years
Individually metered for Gas & Electricity
Individually metered for Gas & Electricity and Laundry Facilities
Property Information
Sewer
Sewer System (Public)
Parking
Off-street
On-street
Assigned Parking
10
Investment Overview
Investor
Energy Efficiency
No
No Data
Don't Know
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
https://offmarketexperts.com/menlo-5
Listing Presented by
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