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122 S Cedar St
Glendale, CA 91205
Price Reduced $550k | 12u, Prime Glendale · Multifamily Property For Sale
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12 Units
Investment Highlights
- Charming Value-Add Opportunity: Over $800/Unit Rental Upside
- Walking Distance to the Americana at Brand & Glendale Galleria: WalkScore 95
- Landlord Friendly City: Glendale’s 7% Rent Ordinance Allows Higher Rent Increases Than the City of LA; Up to 8.8% Per State Law AB1482
- Once in a Lifetime Opportunity: Legacy Property Owned by the Family for Over 40 Years
- Priced at $250,000 Per Unit; Market Cap: 6.7%
Property Facts
| No. Units | 12 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 8,536 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1929 |
| Building Class | C | Parking Ratio | 0.94/1,000 SF |
| Zoning | GLR4YY | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,536 SF |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | GLR4YY |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 8 | - | - |
Property Taxes
| Parcel Number | 5674-010-007 | Improvements Assessment | $1,020,000 |
| Land Assessment | $1,479,000 | Total Assessment | $2,499,000 |
Property Taxes
Parcel Number
5674-010-007
Land Assessment
$1,479,000
Improvements Assessment
$1,020,000
Total Assessment
$2,499,000
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