Amazing opportunity to own a gem in the heart of Glendale "above Glenoaks" right next to newly constructed senior center with a park in the middle. In addition, the building is walking distance to blue ribbon Thomas Jefferson Elementary & bus stops. This building was constructed in 1959 & consists of (14) 1+1 bungalow style spacious units with ample parking, i.e. either carport or surface parking, for all residents. This asset has 12,278SQFT of improvement over a 19,172SQFT lot & there are 14 carport & 3 surface parking on the premises. Majority of the units have been remodeled with hardwood flooring, newer kitchen cabinets & countertops, ceramic wall & floor tiles in bathroom & kitchen, wall type heating & air conditioning. A few units have been improved with washer/dryer hookups inside the units. The property has a historically high occupancy rate due to its proximity to the great public schools, ideal for families seeking affordable 1-bedroom apartments near great schools. The windows have been replaced in the recent past & the plumbing & electrical are in great operational shape. The new owner can take over & achieve an above market return gradually as units turn in due time & as such will "not" be affected by the pending city Rent control discussion.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
