1818-1826 Vassar St - Apartments FOR SALE


Glendale, CA 91204- Tropico
$10,800,000 USD
562-587-5494
1818-1826 Vassar St, Glendale, CA for Sale
$10,800,000 USD
Apartments - FOR SALE
1/16
null | 4.74% Cap Rate

1818-1826 Vassar St
Glendale, CA 91204
Tropico


HIGHLIGHTS

  • EXCELLENT GLENDALE LOCATION SHORT DISTANCE TO ATWATER VILLAGE
  • NEWER CONSTRUCTION - 1987
  • FIRST TIME AVAILABLE IN 25 YEARS
  • GREAT MIX OF 1 AND 2-BEDROOM UNITS WITH CENTRAL AC AND FORCED-AIR HEATING
  • BELOW GRADE PARKING GARAGE FULLY SPRINKLERED
  • RENTAL UPSIDE AND OPPORTUNITY TO ADD VALUE

OVERVIEW

The subject property is a 31 unit apartment building built in 1987. The building is 25,480 square feet and sits on a 23,990 square foot rectangular lot. There are (16) 1-bedroom / 1-bath units and (15) 2-bedroom / 1.5-bath units, and a total of 50 parking spaces (1.6 spaces per apartment unit); contained within a fully sprinklered below grade parking garage. The building is individually metered for gas and electricity, and master-metered for water. The building is in above average condition with excellent curb appeal. The building is fully secured with intercom access and amenities include on-site laundry facilities. The property is 100% occupied with rental upside and a buyer can add value through capital improvements and raising rents in compliance with AB 1482. There is no local rent control in Glendale. Contact listing agents for full details. Please do not contract on-site manager or tenants.

FOR SALE DETAILS

PRICE

$10,800,000 USD

PRICE/SF

$424 USD /SF

# OF UNITS

31

PRICE/UNIT

$348,387

CAP RATE

4.74%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

52

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

R4, Glendale

APN/PARCEL ID

5640-037-037

ASK ABOUT THIS PROPERTY

Juan CardenasRE/MAX Commercial & Investment RealtyMore Info
562-587-5494

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Juan CardenasRE/MAX Commercial & Investment RealtyMore Info
562-587-5494

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