1055 Grover Avenue,  Glendale  (91201)

$3,000,000

0 bedrooms 0   0 bathrooms 0   7211 square feet 7,211
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Listed By: Vartan Markarian of Markarian Realty

PROPERTY DETAILS

Address: view address
Glendale, CA 91201
Map Location
Features: Multi-level
Square Feet:7,211 sq.ft.Lot Size:7741.0
Year Built:1962Property Type:Apartment
County:Los AngelesList Date:2024-03-07
Listing Number:GD24047499Listing Office:[email protected]

PROPERTY DESCRIPTION

Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area. Pride of ownership, Owns for about 50 years. Due to this long term ownership relationship with great tenants, the current rents have remained very low, leaving about 80% upside in rents Current rents are significantly below market, for 10 units totaling about $151,380 a year. One 3 bed 2 bath, Two 2 bed 1 bath, Five 1 bed 1 bath, Two single. The rents in the area for a 3 bedroom unit can be over $3,000, for 2 bed $2500 and 1 bed $2000 a month. Some TLC on this property current rents can potentially go up about $252,000 a year. The property is centrally located for commutes, supermarkets, restaurants and schools . Driving distance downtown Los Angeles, Burbank, Montrose, Americana and Glendale Galleria, NOHO district, Old Town Pasadena, and the Rose Parade, JPL. Local LA and Hollywood attractions include the Music Center, Disney Music Hall, and Hollywood Bowl. This 10 units is truly one of a kind and great investment. Per seller, inside 6 units are updated, Has copper plumbing, newer water heater, walk way, all wall heaters and wall A/C�s, about 13 parking, Everything in this area sells quickly, priced right and will not last long in this market.

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Interior

Features

Fireplace features:See RemarksLaundry Features:Common Area
Laundry:Yes

Cooling & Heating

Cooling features:Wall/Window Unit(s)Heating features:Wall Furnace
Heating:Yes

Exterior

Exterior and Lot

Roof:Flat

Pool and Spa

Pool Features:None

Parking

Garage spaces:13

Property and Lot Details

Features

Community Features:Curbs

Other

Sewer:Public Sewer

Fee

Special Listing Conditions:Standard

Building Information

Year Built:1962Stories:2

Lot

Lot Dimensions:7741.0

Construction

Building Area total:7211.0

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

Loading Data...

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

PHOTO GALLERY

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Listed By: Vartan Markarian of Markarian Realty