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343 Concord St 3 Unit Apartment Building $1,380,000 ($460,000/Unit) 6% Cap Rate Glendale, CA 91203
EXECUTIVE SUMMARY
Exceptional investment opportunity, This is a well-maintained triplex which presents a rare opportunity for both investors and owner-users. The property features a renovated spacious 3-bedroom front house and two (2) -1-bedroom units in rear, The front house is owner occupied which will be vacated and one of the one-bedroom units is vacant and might be delivered vacant at the close of escrow if not rented by then - offering excellent flexibility for immediate occupancy or rental upside. Recent upgrades include. Laminate flooring throughout the units, updated kitchens with modern countertops, renovated bathrooms, tankless water heaters, brand new electrical updated panels for each unit, consistently maintained over the years, additional features include 2–3 on-site parking spaces for tenant use, along with ample street parking available.
The seller makes no guarantees or warranties, expressed or implied. Prospective buyers are strongly advised to conduct their own investigations and due diligence regarding all aspects of the property.
The seller makes no guarantees or warranties, expressed or implied. Prospective buyers are strongly advised to conduct their own investigations and due diligence regarding all aspects of the property.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,600 | - |
| 1+1 | 5 | $1,800 | - |
| Studios | 4 | $1,400 | - |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (78)
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343 Concord St
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