1060 Raymond Ave | Glendale, CA 91201
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- LoopNet Team
1060 Raymond Ave
Glendale, CA 91201
Multifamily Property For Sale
·
20 Units
Investment Highlights
- Prime Glendale Location - Situated in a Walkable Neighborhood close proximity to an array of Fine Dining, Shopping & Entertainment Options.
- Value Add Investment - 22% Upside in Market Rents
- Built in 1987 Not subject to Radical Los Angeles Rent Control - Under AB 1482 State Rent Control
- Desirable Unit Mix: The property offers a diverse range of units, including 1 three-bedroom/two-bath, 11 two-bedroom/two-bath, 7 one-bedroom/ one-bath
- Property is Very Well Maintained and in Excellent Condition
Property Facts
| No. Units | 20 | Building Size | 16,169 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1987 |
| Building Class | C | Parking Ratio | 1.48/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | GLR4YY - Medium Density Multiple Residence | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 16,169 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | GLR4YY - Medium Density Multiple Residence |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Tile Floors
- Kitchen
- Double Pane Windows
Site Amenities
- Controlled Access
- Courtyard
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,500 | - |
| 1+1 | 7 | $1,887 | - |
| 2+2 | 11 | $2,176 | - |
| 3+2 | 1 | $3,200 | - |
Property Taxes
| Parcel Number | 5623-024-025 | Improvements Assessment | $5,618,160 |
| Land Assessment | $3,693,420 | Total Assessment | $9,311,580 |
Property Taxes
Parcel Number
5623-024-025
Land Assessment
$3,693,420
Improvements Assessment
$5,618,160
Total Assessment
$9,311,580
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