404 Lincoln Ave - Apartments FOR SALE


Glendale, CA 91205- Somerset
$5,399,000 USD
818-469-9388
404 Lincoln Ave, Glendale, CA for Sale
$5,399,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

404 Lincoln Ave
Glendale, CA 91205
Somerset


HIGHLIGHTS

  • Well maintained 14 unit residential income property with controlled access entry and secured community parking.
  • Strong value add opportunity with low current rents and in unit washer and dryer in every unit.
  • Prime Glendale location near shopping, dining, and convenient access to the 134 and 2 freeways.

OVERVIEW

Investors Dream! An incredible Residential Income property in Glendale is all that you have been waiting for. All units have a washer/dryer. LOW RENTS, which is a great upside for this investment. This is a well-kept 14 unit building that features a nice secured community parking structure and a controlled accessed entry. The units have wonderful open floorplans with laminate flooring, storage space, plus central AC and Heating. Glendale Unified School District. Amazing location. A short distance from Target, Ralphs, Sprout Farmers Market, In-N-Out Burger and more. Close to the 134 and 2 freeways.

FOR SALE DETAILS

PRICE

$5,399,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

14

PRICE/UNIT

$385,643

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,161 SF

ZONING

LAR1

APN/PARCEL ID

5680-031-001,5680-031-023

ASK ABOUT THIS PROPERTY

Albert BabayanReal Estate People, IncMore Info
818-469-9388

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Albert BabayanReal Estate People, IncMore Info
818-469-9388

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