The Alexanian Apartment Advisors as exclusive listing agents, are pleased to introduce the Thompson, an 18 unit TURN-KEY multi-family asset, with large 1,187 S.F. avg. unit sizes, being offered at 3.8% in place CAP, in non-rent controlled Glendale Ca.
Consisting of 78% 2 bedroom units, the Thompson provides Glendale's most desired and in demand unit layout, with the following phenomenal breakdown of (2) 3+2.5 TH, (4) 2+2.5 TH, (10) 2+2, (2) 1+1 units, all with updated interiors. Six of the units are townhouse style w/ fireplaces, central AC and heat. All units are programmed with stainless steel appliances, granite counters & back-splashes, newer cabinetry and fixtures, all have individual water heaters. Modern exterior detail and refreshed common areas lend to beautiful strong street presence. The Thompson incorporates an extensive list of capital improvements including solar panels on roof, poly-u coated reflective roof, new dual pane low-E windows and sliders, new intercom system, new gates, railings, signage thought, irrigation and landscaping.
The Thompson, located at 1165 Thompson Ave Glendale, CA 91201, the asset is in the best part of the city. North of Glenoaks Blvd and the last apartment building before transitioning to strictly single-family homes w/ median sales price of $836,000. Glendale is well known for its strong municipal government, police & fire departments and has one of the largest financial districts in California. The "Jewel City" as Glendale is known, is Los Angeles County's 3rd largest city, with a population of 210,000, mostly renters. 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 *
