907-909 Glendale Blvd - Apartments FOR SALE


Los Angeles, CA 90026- Echo Park
$1,950,000 USD
323-376-2469
907-909 Glendale Blvd, Los Angeles, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/28
null | 5.16% Cap Rate

907-909 Glendale Blvd
Los Angeles, CA 90026
Echo Park


HIGHLIGHTS

  • Unbeatable Location Across Echo Park Lake
  • Value-Add with 40% Rental Upside
  • Walking Distance to Famous Sunset Boulevard
  • Desirable Bungalow Style Units
  • Priced Well Below Replacement Cost

OVERVIEW

907 Glendale Boulevard is a 10-unit apartment complex located directly across the Echo Park lake. The property is steps away from famous Sunset Boulevard which has a myriad of dining and entertainment options. The property consists of six (6) studio units and four (4) one-bedroom units spread across 4,312 rentable square feet. The opportunity consists of five separate structures – the front structures boasting the studio units and the back structure showcasing the one-bedroom. While the units have been kept in good condition, there is still approximately 40% rental upside.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$452 USD /SF

# OF UNITS

10

PRICE/UNIT

$195,000

CAP RATE

5.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,499 SF

ZONING

RD2-1VL-CDO

APN/PARCEL ID

5404-005-006

ASK ABOUT THIS PROPERTY

Andres DiazKW CommercialMore Info
323-376-2469

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323-376-2469

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