125 E Fairview Ave - Apartments FOR SALE


Glendale, CA 91207- Rossmoyne
$4,275,000 USD
818-224-7949
125 E Fairview Ave, Glendale, CA for Sale
$4,275,000 USD
Apartments - FOR SALE
1/10
null | 4.8% Cap Rate

125 E Fairview Ave
Glendale, CA 91207
Rossmoyne


HIGHLIGHTS

  • Best location in Glendale
  • Phenomenal unit mix
  • Significant recent upgrades
  • Rare newer build north of Glenoaks

OVERVIEW

The Alexanian Apartment Advisors are pleased to announce that we have been selected as exclusive advisor to the seller for this remarkable multifamily investment acquisition opportunity in Glendale. The building was built in 1986 with great floorplan of 10,295 sq ft over subterranean parking. The asset incorporates Central AC, gated access control and parking, and private balconies. A remarkable unit mix of (1) 3+2.5 approx 1,600 sq ft townhouse style unit with washer dryer inside the unit, and the remaining (8) units are all 2+2 with spacious floor plans. There is a significant rental upside due to the location, size and quality of the offering. Rarely is there turnover, the area feels like a historical vacancy-proof pocket. The current ownership has done a great job of managing the asset, recently replacing the roof, replacing all 9 AC units, replacing the garage gate along with motor and sensors and currently upgrading the intercom system to a Akuvox X912 with a C313W-2 in apartment touch screen audio and video display. Situated in the most sought-after part of Glendale, the 91207 zip code median home price is $1,800,000 per Redfin.com. Tenants enjoy the ability to walk to Trader Joe’s Coffee Bean, Walgreens in addition to a plethora local shops, cafes, eateries and services. 1 block away is the posh Mya rooftop restaurant and lounge which over looks the city’s skyline. There are also several school options within walking distance as well. Brand Boulevard, the cross street named after the city’s founder, is a host to major cooperate headquarters like New York Life & Service Titan along with others who employee several thousands. 1 mile from the subject property, tenants are at one of Los Angeles’s premier dining & shopping destinations, the Americana at Brand. Brand Boulevard has seen a major transformation since the inception of the Americana with a plethora of nightlife and entertainment. Well maintained, this ease of management asset will be a trophy in any investment portfolio. ** Contact listing agent Greg Alexanian for offering memorandum and additional requests **

FOR SALE DETAILS

PRICE

$4,275,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

9

PRICE/UNIT

$475,000

CAP RATE

4.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,300 SF

ZONING

GLR4YY

APN/PARCEL ID

5644-011-008

ASK ABOUT THIS PROPERTY

Levon AlexanianAlexanian Apartment AdvisorsMore Info
818-224-7949

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

Levon AlexanianAlexanian Apartment AdvisorsMore Info
818-224-7949

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