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1227-1229 S Central Ave
Glendale, CA 91204
6% Cap Rate on SoCal Multi-Family Property · Multifamily Property For Sale
·
45 Units
Investment Highlights
- The Property is also conveniently located 1.7 miles from Downtown Glendale – a short 3 minutes by car and 5 minutes by bike.
- Located in Glendale’s Tropico neighborhood, Walk Score® named the Property a walker’s paradise. It scored near perfect Walk Score® of 91 out of 100
- Adjacent to Burbank to the north and Pasadena to the east, Glendale is located 10 miles north of DTLA. It is the 4th largest city in California
- The Property is a few blocks away from the Americana & Glendale Galleria Malls & public transit. It's steps away from Von’s grocery store.
Property Facts
| No. Units | 45 | Building Size | 30,896 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1927 |
| Building Class | C | Parking Ratio | 0.52/1,000 SF |
| Lot Size | 0.65 AC | ||
| Zoning | C3 - Commercial | ||
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 30,896 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1927 |
| Parking Ratio | 0.52/1,000 SF |
| Zoning | C3 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Pool
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 42 | - | 650 |
Property Taxes
| Parcel Number | 5640-006-006 | Improvements Assessment | $2,341,551 |
| Land Assessment | $1,555,436 | Total Assessment | $3,896,987 |
Property Taxes
Parcel Number
5640-006-006
Land Assessment
$1,555,436
Improvements Assessment
$2,341,551
Total Assessment
$3,896,987
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