Log In/Sign Up
721 E Garfield Ave
Glendale, CA 91205
8.5% Proforma CAP Central Glendale · Multifamily Property For Sale
·
20 Units
Investment Highlights
- ±8.50% Proforma CAP Rate (buyer to verify); First Time for Sale Since 1982!
- Two properties side by side – each is 10 units – NO On-site manager is required!
- Excellent unit mix with 40% are 2bedroom units; Each unit has an individual water heater and separately metered for electricity and gas.
- Central Glendale location! Several properties away from Glendale Community College Garfield Campus, and nearby Glendale High School
- Both properties are on large lots; each lot is ±10.6k SF with R4 zoning. Total combined lots: ±21.3k SF
- Major CAPEX: Electrical panels and subpanels are being upgraded (±$200,000 in 2024 – 400Amps)
Property Facts
| No. Units | 20 | Building Size | 9,900 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1951 |
| Building Class | C | Parking Ratio | 1.01/1,000 SF |
| Lot Size | 0.49 AC | ||
| Zoning | GLR4YY | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 9,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 1.01/1,000 SF |
| Zoning | GLR4YY |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Yard
- Lawn
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 900 - 1,200 |
| 1+1 | 12 | - | 600 - 900 |
Property Taxes
| Parcel Number | 5675-023-023 | Improvements Assessment | $1,189,000 |
| Land Assessment | $890,000 | Total Assessment | $2,079,000 |
Property Taxes
Parcel Number
5675-023-023
Land Assessment
$890,000
Improvements Assessment
$1,189,000
Total Assessment
$2,079,000
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
