1057 Western Ave
9 Unit Block of Flats £2,506,757 (£278,529/Unit) 3.54% Net Initial Yield Glendale, CA 91201
EXECUTIVE SUMMARY
Presenting an exceptional investment opportunity in the dynamic Glendale area, this multifamily property captivates investors with its prime location and potential for strong returns. Boasting desirable features, this property offers an attractive option for Multifamily / Low-Rise/Garden investors. The strategic location ensures convenient
access to local amenities and transportation hubs, making it an appealing choice for residents. With its promising investment potential in a bustling urban environment, this
property exemplifies a compelling prospect for investors seeking to capitalize on the thriving residential real estate market in the vibrant Los Angeles area.
access to local amenities and transportation hubs, making it an appealing choice for residents. With its promising investment potential in a bustling urban environment, this
property exemplifies a compelling prospect for investors seeking to capitalize on the thriving residential real estate market in the vibrant Los Angeles area.
PROPERTY FACTS
| Price | £2,506,757 |
| Price Per Unit | £278,529 |
| Sale Type | Investment |
| Net Initial Yield | 3.54% |
| Sale Condition | Portfolio Sale |
| Gross Rent Multiplier | 16.9 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 11,154 SF |
| Number of Floors | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.45/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Kitchen
- Wooden Floors
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 7 | - | - |
1 of 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 5623-024-016 | Improvements Assessment | £430,049 |
| Land Assessment | £231,442 | Total Assessment | £661,491 |
ZONING
| Zoning Code | GLR4YY |
