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1128 Irving Ave
Glendale, CA 91201
5% CAP | North of Glenoaks | Several Upgrades · Multifamily Property For Sale
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5 Units
Investment Highlights
- Excellent Location North of Glenoaks Boulevard on Border Between Two of Los Angeles Metro’s Most Desirable Cities, Glendale and Burbank
- Attractive CAP Rate and GRM When Compared with Similar Recent Sales in the Area
- Front House Upgraded with New Electric Panel, Central Air/Heat, In-Unit Washer/Dryer, and New Electrical Wiring
- Not Subject to Los Angeles Rent Control – Higher Allowable Rent Increases Under AB1482
- Majority of Building Completely Remodeled with New Recessed Lighting, Upgraded Kitchens and Bathrooms, and New Wood Flooring
- One Mile from Major Studio Employers -- Walt Disney Imagineering, Disney Studios, and Dreamworks Animation
Property Facts
| No. Units | 5 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 2,902 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1925 |
| Building Class | C | ||
| Zoning | GLR4YY | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,902 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | GLR4YY |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,984 | 500 |
| 2+1 | 1 | $3,295 | 900 |
Property Taxes
| Parcel Number | 5621-040-014 | Improvements Assessment | $820,000 |
| Land Assessment | $1,005,000 | Total Assessment | $1,825,000 |
Property Taxes
Parcel Number
5621-040-014
Land Assessment
$1,005,000
Improvements Assessment
$820,000
Total Assessment
$1,825,000
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