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1157 Alameda Ave
Glendale, CA 91201
ELEVEN57 Luxury Town Homes · Multifamily Property For Sale
·
18 Units
Property Facts
| No. Units | 18 | Lot Size | 0.33 AC |
| Property Type | Multifamily | Building Size | 17,134 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1986/2017 |
| Building Class | C | Parking Ratio | 1.98/1,000 SF |
| Zoning | R4 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 17,134 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2017 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Stainless Steel Appliances
- Range
- Patio
Site Amenities
- Gated
- Recycling
- Storage Space
About 1157 ALAMEDA AVE , GLENDALE, CA 91201
The Alexanian Apartment Advisors as exclusive listing agents, are pleased to introduce ELEVEN57, a rare re-positioned non-rent controlled 18 unit trophy multi family asset. Comprised of all 2+2.5 T.H. units with individual washer & dryer, updated interiors, and modern exterior detail commanding strong street presence. ELEVEN57 incorporates a host of capital improvements such as solar panels on the roof, poly-u coated roof, new intercom system, new gates & railing, signage throughout, new irrigation and landscaping. By capturing loss to lease upside in rents, ELEVEN57 translates into a 4.4% CAP rate. Each unit also encompass fireplaces, fenced private patios, open floor layouts, stainless steel appliances, dedicated gated parking spaces. ELEVEN57, located at 1157 Alameda Ave, Glendale Ca 91201, the asset is in the prime part of the city, north of Glenoaks Blvd and on the last block before transitioning to strictly single family homes. The offering also sits at the midpoint to both downtown Glendale & Downtown Burbank. The dynamic location between the two affluent cities provide both strong workforce with premiere shopping, dining and entertainment options. Within 2 blocks, tenants can walk to Trader Joe's, Starbucks, Ralph's, Walgreen's, Rite Aid, and several local restaurants. Glendale is the 3rd largest city in Los Angeles and is know for its exceptional school system as well as police & fire departments. The Americana at Brand has become one of L.A.'s premiere shopping & entertainment destination. Both Glendale Galleria & Burbank Town Center mall have and are undergoing major renovations * Contact listing agent for complete offering memorandum *
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 18 | - | 950 |
Property Taxes
| Parcel Number | 5621-029-030 | Improvements Assessment | $6,079,577 |
| Land Assessment | $4,054,910 | Total Assessment | $10,134,487 |
Property Taxes
