PRICE REDUCTION~1905 Vassar Street is a VALUE-ADD Rents as show will be effective January 1, 20187-unit, two-story garden-style apartment community located in Glendale, California, approximately 12 miles north of downtown Los Angeles. Built in 1962, the property is situated on 8,046 square foot lot within a rentable area of 5,527 square feet and is improved with a wood-frame constructed building, featuring a stucco exterior and composite flat roof.The 1905 Vassar Street contains a unit mix of four one-bedroom / one- bath units, one two-bedroom / one-bath, and two two-bedroom / two-bathroom units with an overall average unit size of 789 square feet. The grounds are well maintained and landscaped with grass area.An investor could see a potential increase in rents of approximately +/- 35%. With some minor cosmetic work to the exterior and small upgrades to the interior, an investor could increase the net operating income from $61,464 to $99,288.
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