453 Ivy St - Apartments FOR SALE


Glendale, CA 91204- Moorpark-Glendale
$7,500,000 USD
213-631-8788
453 Ivy St, Glendale, CA for Sale
$7,500,000 USD
Apartments - FOR SALE
1/6
null | 4.27% Cap Rate

453 Ivy St
Glendale, CA 91204
Moorpark-Glendale


HIGHLIGHTS

  • Incredible Glendale location; Walk Score of 91
  • Walking Distance to The Americana at Brand, Glendale Galleria Mall, and Downtown Glendale
  • Excellent Unit Mix: 17 - 2B/2B, 1 - Studio/1B, and 2 - Bachelor/1B
  • 1984 Construction; ±20,733 SF Building Size on ±14,959 GLR4 Lot
  • Current Rents ±35% Under Market
  • Well-Amenitized; Controlled Access Entry, Courtyard Area, Elevator, In-Unit Laundry, Central Air & Heat, and Fireplaces Balconies/Patios

OVERVIEW

453 Ivy Street is a three-story, 17 plus 3 non-conforming unit multifamily property constructed in 1984 on a ±14,959 square foot lot, with a total building size of ±20,733 square feet. The neatly landscaped, controlled-access property is well maintained, separately metered for gas and electric (non-conforming units are master-metered), serviced by a central water heater, and offers an elevator and partial subterranean parking spaces with storage areas. Two units have individual garages within the parking structure. 453 Ivy Street boasts an excellent unit mix of 17 two-bedroom/two-bathroom units, a studio/one-bathroom unit, and two bachelor/one-bathroom units. The large units are approximately ±1,150 square feet and offer laminate wood and tile flooring, a stove, a refrigerator, a microwave, a dishwasher, central air & heat, in-unit laundry (non-confirming units have shared a laundry room), recessed lighting, a fireplace, ample closet and storage space, and a balcony or patio. Select units have been renovated.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

20

PRICE/UNIT

$375,000

CAP RATE

4.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Glendale Location w/ 91 Walk Score!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1984

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,964 SF

ZONING

GLR4*

APN/PARCEL ID

5695-004-094

ASK ABOUT THIS PROPERTY

Jenny EngCBREMore Info
213-631-8788

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Jenny EngCBREMore Info
213-631-8788

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