655 Ivy St - Apartments FOR SALE


Glendale, CA 91204- Moorpark-Glendale
$6,500,000 USD
818-919-0282
655 Ivy St, Glendale, CA for Sale
$6,500,000 USD
Apartments - FOR SALE
1/14
null | 4.11% Cap Rate

655 Ivy St
Glendale, CA 91204
Moorpark-Glendale


HIGHLIGHTS

  • Fully remodeled 12-unit apartment community featuring new kitchens, baths, flooring, and in-unit laundry.
  • Unit mix includes eleven 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, offering an attractive configuration for renters.
  • Central air conditioning throughout, ensuring a modern, turnkey, low-capex investment opportunity.
  • Strong in-place rental income with current Net Operating Income at approximately $267K and additional upside potential.
  • Ideally located within walking distance to Downtown Glendale, The Americana at Brand, and Glendale Galleria.
  • Excellent access to the 134, 2, and 5 Freeways, providing convenient connectivity to Burbank, Pasadena, and Los Angeles employment hubs.

OVERVIEW

In the heart of Glendale, 655 Ivy St is a fully remodeled 12-unit apartment community two blocks from downtown Glendale, the Americana at Brand, and the Galleria. The two-story, garden-style property offers eleven 2-bedroom units and one 3-bedroom, each renovated with new kitchens, baths, flooring, in-unit laundry, and central A/C. With strong in-place rents and turnkey condition in a supply-constrained submarket, 655 Ivy is a true pride-of-ownership cash-flow asset.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$701 USD /SF

# OF UNITS

12

PRICE/UNIT

$541,667

CAP RATE

4.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

R4P

APN/PARCEL ID

5695-002-008

ASK ABOUT THIS PROPERTY

Brent BallardBallard & Ballard Real Estate-eXpMore Info
818-919-0282

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Brent BallardBallard & Ballard Real Estate-eXpMore Info
818-919-0282

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