Vic Markarian
This listing was posted on RealtyWW.
$3,000,000
Home For Sale In Glendale, California
Price:
$3,000,000
BR/BA:
10+ BR, 10+ BA
Location:
1055 Grover Ave, Glendale, CA
Description:
Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area. Pride of ownership, Owns for about 50 years. Due to this long term ownership relationship with great tenants, the current rents have remained very low, leaving about 80% upside in rents Current rents are significantly below market, for 10 units totaling about $151, 380 a year. One 3 bed 2 bath, Two 2 bed 1 bath, Five 1 bed 1 bath, Two single. The rents in the area for a 3 bedroom unit can be over $3, 000, for 2 bed $2500 and 1 bed $2000 a month. Some TLC on this property current rents can potentially go up about $252, 000 a year. The property is centrally located for commutes, supermarkets, restaurants and schools. Driving distance downtown Los Angeles, Burbank, Montrose, Americana and Glendale Galleria, NOHO district, Old Town Pasadena, and the Rose Parade, JPL. Local LA and Hollywood attractions include the Music Center, Disney Music Hall, and Hollywood Bowl. This 10 units is truly one of a kind and great investment. Per seller, inside 6 units are updated, Has copper plumbing, newer water heater, walk way, all wall heaters and wall A/Cs, about 13 parking, Everything in this area sells quickly, priced right and will not last long in this market.For more details: https://realtyww.info/homes_glendale-d523985/for-sale_i69659874
Property Type:
Single-Family Houses
Posted:
March 20 on RealtyWW
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More About this Listing: Home For Sale In Glendale, California
Home For Sale In Glendale, California is a 10+ BR 10 Bathroom, 10+ BA, 11 Bathroom Single-Family Homes for Sale at 1055 Grover Ave in Glendale CA. Find other listings like Home For Sale In Glendale, California and listings near 1055 Grover Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 11 Bathroom Single-Family Homes for Sale in Glendale CA.
Home For Sale In Glendale, California is a 10+ BR 10 Bathroom, 10+ BA, 11 Bathroom Single-Family Homes for Sale at 1055 Grover Ave in Glendale CA. Find other listings like Home For Sale In Glendale, California and listings near 1055 Grover Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 11 Bathroom Single-Family Homes for Sale in Glendale CA.