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1001 Melrose Ave
Glendale, CA 91202
Multifamily Property For Sale
·
63 Units
PROPERTY FACTS
| No. Units | 63 | Building Size | 47,950 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1962/2005 |
| Building Class | B | Parking Ratio | 0.95/1,000 SF |
| Lot Size | 0.79 AC | ||
| Zoning | R4, Glendale | ||
| No. Units | 63 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.79 AC |
| Building Size | 47,950 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1962/2005 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | R4, Glendale |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Heating
- High Speed Internet Access
- Refrigerator
- Range
- Views
- Carpet
- Wi-Fi
- Wheelchair Accessible (Rooms)
- Window Coverings
SITE AMENITIES
- Business Center
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Sauna
- Gated
- Gameroom
- Grill
- Elevator
ABOUT 1001 MELROSE AVE , GLENDALE, CA 91202
63 Multifamily units in prime residential North Glendale location Non-rent control building with strong rental upside potential Rents per unit $200-400 below market for similar vintage comparables, and $400-1,000 below new construction comparables Average rent in the Burbank/North Glendale Submarket has increased 27.2% over the past five years Current owners invested $1.3 million in property improvements including SOFT STORY RETROFIT North of Glenoaks Blvd, west of Central Ave. Close proximity to downtown Glendale and easy access to downtown Los Angeles.
PROPERTY TAXES
| Parcel Number | 5636-007-025 | Improvements Assessment | $13,653,951 |
| Land Assessment | $9,102,634 | Total Assessment | $22,756,585 |
PROPERTY TAXES
