$2,400,000
$2,400,000
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1 Bed
SOLD DATE : 11/29/2022
Key Details
Sold Price $2,400,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22159775
Sold Date 11/29/22
Bedrooms 1
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present the Elmer Apartments, an 8-unit apartment building in Central Glendale. The property is comprised of eight one-bedroom units equipped with gas cooking, gas wall heating, laminate and tile floors, assigned parking, and ceiling fans. Most units have been upgraded with granite countertops, new kitchen cabinets, and laminate wood flooring. This is a well-kept building with nearly 40% upside in rental income. This deal offers the opportunity for an investor to achieve nearly a 6% Cap Rate after stabilizing the rents.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Contact Agent
Interior
Fireplace No
Exterior
View Y/N No
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Bought with Chris Keramati Triqor Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "