1500 S Glendale Avenue

    Glendale, CA 91205
    • $4,800,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: 18303992
    $4,800,000
    • 0
      BEDS
    • 0.66
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,380
      SQFT
    • $512
      $/SQFT
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    This property is a 2-story building located in Glendale, CA with ample parking. 1500 S Glendale Ave is a very charming apartment building situated in Glendale, CA. This property, built in 1922, with wood frame and stucco construction, is separately metered for gas & electricity and is comprised of 9,380 SQ FT of improvements sitting on a 28,892 SQ FT lot. This property is located near Brand Blvd and San Fernando Road.++G++G+-This asset offers an investor the rare opportunity to purchase a well-maintained, well-located asset with exceptional value to add and tremendous upside potential. For an investor focused on appreciation, this is an ideal investment. The building is separately metered for gas &++G++G+-electricity and++G++G+-is comprised of 9,380 SQ FT of improvements, and a very large 28,892 SQ FT lot.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-20T00:27:54.107. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/80015883

    1500 S Glendale Avenue Glendale, CA 91205

    • Price: $4,800,000
    • Status: Active
    • ID#: 18303992
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.66
    Acres
    9,380
    SQFT
    $512
    $/SQFT
    1922
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    This property is a 2-story building located in Glendale, CA with ample parking. 1500 S Glendale Ave is a very charming apartment building situated in Glendale, CA. This property, built in 1922, with wood frame and stucco construction, is separately metered for gas & electricity and is comprised of 9,380 SQ FT of improvements sitting on a 28,892 SQ FT lot. This property is located near Brand Blvd and San Fernando Road.++G++G+-This asset offers an investor the rare opportunity to purchase a well-maintained, well-located asset with exceptional value to add and tremendous upside potential. For an investor focused on appreciation, this is an ideal investment. The building is separately metered for gas &++G++G+-electricity and++G++G+-is comprised of 9,380 SQ FT of improvements, and a very large 28,892 SQ FT lot.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Cap Rate 2.94 Gross Multiplier 18.89 Gross Operating Income 244125.00 Improvements Amount 763 Land Value 1729787 Laundry YN No Net Operating Income 141358.00 Special Listing Conditions Standard Total Expenses 105167.00 Zoning Glc3*

    Listing provided courtesy of Arthur Arejian of Arthur Arejian, Broker.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-20T00:27:54.107. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003