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123-129 N Jackson St 20 Unit Apartment Building $6,900,000 ($345,000/Unit) 3.39% Cap Rate Glendale, CA 91206
Executive Summary
Outstanding opportunity to purchase two (2) quintessential, 1950-constructed apartment buildings located in Glendale’s Central Business District; the property consists of four (4), two (2) bedroom/one (1) bathroom units and sixteen (16), one (1) bedroom/one (1) bathroom units; the two (2) bedroom units have a separate dining area off the kitchen and living area; units are separately metered for electricity and gas and have their own hot water heaters; wall heaters and through-the-wall air conditioners; front and back doors for each of the units; covered entries with stairwells; the property has been partially replumbed (horizontal lines and some vertical lines); main sewer line replaced approximately 20 years ago; hip roofs; insulation in the attic; casement windows; ten (10) covered parking spaces; laundry room (machines owned); currently two (2) units are being held vacant so that the new owner can rent the units or upgrade the finishes as desired; the property is located just blocks away from The Americana at Brand and Glendale Galleria
Property Facts
| Price | $6,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $345,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 3.39% | Building Size | 15,124 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 0.66/1,000 SF |
| Zoning | DSP/EB - Downtown Specific Plan/East Broadway | ||
| Price | $6,900,000 |
| Price Per Unit | $345,000 |
| Sale Type | Investment |
| Cap Rate | 3.39% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 15,124 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 0.66/1,000 SF |
| Zoning | DSP/EB - Downtown Specific Plan/East Broadway |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Property Taxes
| Parcel Numbers | Improvements Assessment | $202,637 | |
| Land Assessment | $167,862 | Total Assessment | $370,499 |
Property Taxes
Parcel Numbers
Land Assessment
$167,862
Improvements Assessment
$202,637
Total Assessment
$370,499
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123-129 N Jackson St
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