500 Oak St
Glendale, CA 91204
Multifamily Property For Sale
·
21 Units
Property Facts
| No. Units | 21 | Lot Size | 0.42 AC |
| Property Type | Multifamily | Building Size | 20,092 SF |
| Property Subtype | Apartment | Average Occupancy | 90% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1987 |
| Zoning | GLR4YY | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 20,092 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built | 1987 |
| Zoning | GLR4YY |
About 500 OAK ST , GLENDALE, CA 91204
The Alexanian Apartment Advisors as exclusive listing agents, are please to introduce 500 OAK. 21 units built in 1987, boasting a unit mix of 96% 2+2 units in the heart of downtown Glendale. The offering is being presented at $385K per unit - the LOWEST PRICE PER UNIT deal in Glendale & Burbank for 1980's+ construction. In place cap rate of 4.1% and market cap at 5.1%. This rare opportunity to acquire a mid sized asset in supply constrained city of Glendale, is superbly located just blocks walking distance to Glendale Galleria & the Americana at Brand. Property amenities include dual entry/exit subterranean gated parking, gated intercom, central AC & Heat, on site laundry room. Immediate access to the 5, 134 and 2 freeways. * * Contact listing agent for offering memorandum * *
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,550 | 607 |
| 2+2 | 20 | $1,850 | 1,000 |
Property Taxes
| Parcel Number | 5695-018-037 | Improvements Assessment | $1,498,469 |
| Land Assessment | $910,370 | Total Assessment | $2,408,839 |
Property Taxes
