We are pleased to present for acquisition, the highest in-place cap rate available in Glendale for similar assets. The Win-Lake Apartments is a 17 unit apartment community located in the dynamic and supply constrained pocket adjacent to the Rancho Equestrian. Within a few minutes tenants can bike to the the major animation and movie studios. A well maintained asset, Win Lake offers a modernization opportunity with minor effort and can realize a cap rate of 5.7% at market rents. At the low $314,706 per unit and primarily 2 bedroom units, and just under half an acre, the offering delivers an affordable footprint in the supply constrained, high barrier to entry rental market of Glendale. Close to Griffith Park, downtown Glendale & downtown Burbank. ** email listing agent for complete offering memorandum **
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
