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1025 Melrose Ave
Glendale, CA 91202
Multifamily Property For Sale
·
9 Units
PROPERTY FACTS
| No. Units | 9 | Building Size | 6,545 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1.07/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | GLR4YY | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,545 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | GLR4YY |
AMENITIES
UNIT AMENITIES
- Ceiling Fans
- Kitchen
- Hardwood Floors
SITE AMENITIES
- Laundry Facilities
ABOUT 1025 MELROSE AVE , GLENDALE, CA 91202
The Alexanian Apartment Advisors are pleased to exclusively offer the Melrose Place Apartments for sale, a 9 unit professionally managed multi family asset in Glendale. Situated North of Glenoaks Blvd in Glendale, this traditional apartment building is comprised of spacious (3) 2+1 units and (6) 1+1 units. Situated north of Glenoaks Blvd, a prime and highly desired rental pocket of Glendale. Typically, assets in this prime rental pocket have a higher barrier to entry and historically lowervacancy as well. There is a multitude of different elementary to high schools, shops & cafes including Starbucks, Ralphs, and other easily accessible amenities in walking distance. The well laid out units also benefit from onsite parking, laundry and landscaped grounds. The current long term family owners in conjunction with a professional management company, have meticulously maintained the asset. The newer pitched roof, partial copper plumbing offer a well operating building. Property offers considerable upside in rents along with additional added value opportunity. ** For complete offering memorandum, email info@alexanianadvisors.com **
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 5636-007-020 | Improvements Assessment | $896,788 |
| Land Assessment | $2,406,018 | Total Assessment | $3,302,806 |
PROPERTY TAXES
