123-129 N Jackson St - Apartments FOR SALE


Glendale, CA 91206- Downtown Glendale
$6,900,000 USD
818-634-3281
123-129 N Jackson St, Glendale, CA for Sale
$6,900,000 USD
Apartments - FOR SALE
1/24
null | 3.39% Cap Rate

123-129 N Jackson St
Glendale, CA 91206
Downtown Glendale


OVERVIEW

Outstanding opportunity to purchase two (2) quintessential, 1950-constructed apartment buildings located in Glendale’s Central Business District; the property consists of four (4), two (2) bedroom/one (1) bathroom units and sixteen (16), one (1) bedroom/one (1) bathroom units; the two (2) bedroom units have a separate dining area off the kitchen and living area; units are separately metered for electricity and gas and have their own hot water heaters; wall heaters and through-the-wall air conditioners; front and back doors for each of the units; covered entries with stairwells; the property has been partially replumbed (horizontal lines and some vertical lines); main sewer line replaced approximately 20 years ago; hip roofs; insulation in the attic; casement windows; ten (10) covered parking spaces; laundry room (machines owned); currently two (2) units are being held vacant so that the new owner can rent the units or upgrade the finishes as desired; the property is located just blocks away from The Americana at Brand and Glendale Galleria

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$651 USD /SF

# OF UNITS

20

PRICE/UNIT

$345,000

CAP RATE

3.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,116 SF

ZONING

DSP/EB

APN/PARCEL ID

5642-006-039,5642-006-040

ASK ABOUT THIS PROPERTY

David 'Randy' StevensonStevenson Real Estate ServicesMore Info
818-634-3281

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David 'Randy' StevensonStevenson Real Estate ServicesMore Info
818-634-3281

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.