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1246 E Harvard St 6 Unit Apartment Building $1,550,000 ($258,333/Unit) 3.30% Cap Rate Glendale, CA 91205
Executive Summary
Alexanian Apartment Advisors are pleased to represent a true value add opportunity with significant upside in Glendale Ca.
New roof and electrical done recently, removing significant capex requirements allowing for value add investors to focus on revenue driving efforts.
High walk score, on site parking, low basis.
New roof and electrical done recently, removing significant capex requirements allowing for value add investors to focus on revenue driving efforts.
High walk score, on site parking, low basis.
Property Facts
| Price | $1,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $258,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.30% | Building Size | 3,196 SF |
| Gross Rent Multiplier | 17.3 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Zoning | GLR4YY | ||
| Price | $1,550,000 |
| Price Per Unit | $258,333 |
| Sale Type | Investment |
| Cap Rate | 3.30% |
| Gross Rent Multiplier | 17.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,196 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | GLR4YY |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,237 | - |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5680-005-017 | Improvements Assessment | $243,727 |
| Land Assessment | $253,893 | Total Assessment | $497,620 |
Property Taxes
Parcel Number
5680-005-017
Land Assessment
$253,893
Improvements Assessment
$243,727
Total Assessment
$497,620
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1246 E Harvard St
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