988 W Glenoaks Blvd - Apartments FOR SALE


Glendale, CA 91202- Pelanconi
$1,795,000 USD
424-317-0308
988 W Glenoaks Blvd, Glendale, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/14
null | 5% Cap Rate

988 W Glenoaks Blvd
Glendale, CA 91202
Pelanconi


HIGHLIGHTS

  • Prime Location: The property is strategically located in Glendale, one of the most desirable cities in the Los Angeles metropolitan area
  • Strong Rental Demand: Glendale's housing market has shown consistent growth with high demand for rental units
  • Transportation Access: The property offers excellent access to major highways, public transportation, and is within a short drive of DTLA
  • Upward Growth Potential: The Glendale real estate market continues to show steady appreciation, providing potential for long-term gains
  • Diverse Unit Mix: The unit mix caters to a wide range of potential renters, from individuals to families, increasing income stability
  • Fresh Paint and Exterior Repairs plus a New sewer line installed Nov. 2024

OVERVIEW

The 988 W Glenoaks Blvd Apartment Building is an excellent investment option in the thriving Glendale, CA real estate market. Its prime location, strong rental demand, and potential for value appreciation make it an attractive prospect for investors seeking stable income and long-term growth. This 4 unit building consists of one large 3+2 located spanning the whole bottom level of the structure with a very spacious living room with plenty of natural light, breakfast nook, dinning room, and private patio area This unit also enjoys a two-car garage with an additional entry point right off the patio. The 2+1 unit is also a spacious size and sits above the garages in the rear of the building. The two other units are 1+1s and sit above the 3+2 unit.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$505 USD /SF

# OF UNITS

4

PRICE/UNIT

$448,750

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,229 SF

ZONING

GLR4YY

APN/PARCEL ID

5628-030-016

ASK ABOUT THIS PROPERTY

Rick RamirezAlly Commercial Real EstateMore Info
424-317-0308

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Rick RamirezAlly Commercial Real EstateMore Info
424-317-0308

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