132 Carr Dr
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132 Carr Dr
8 Unit Block of Flats £2,018,721 (£252,340/Unit) 5.21% Net Initial Yield Glendale, CA 91205
Investment Highlights
- A Character vintage building with large and bright units.
Executive Summary
This 8 unit character building with larger units is located in a desirable area of Glendale. Most units have been renovated; however, the character of each unit is preserved. It is located at a walking distance to a park, shops and many amenities. The 8 unit next to this building is also for sale at 128 Carr Drive. It is owned by the same owner and they prefer to sell both buildings together. However, the building can be sold separately. In addition this building has laundry facilities and income from the laundry facilities.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£146,913
|
£19.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£146,913
|
£19.18
|
| Taxes |
£22,006
|
£2.87
|
| Operating Expenses |
£19,707
|
£2.57
|
| Total Expenses |
£41,713
|
£5.45
|
| Net Operating Income |
£105,200
|
£13.74
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £146,913 |
| Annual Per SF | £19.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £146,913 |
| Annual Per SF | £19.18 |
| Taxes | |
|---|---|
| Annual | £22,006 |
| Annual Per SF | £2.87 |
| Operating Expenses | |
|---|---|
| Annual | £19,707 |
| Annual Per SF | £2.57 |
| Total Expenses | |
|---|---|
| Annual | £41,713 |
| Annual Per SF | £5.45 |
| Net Operating Income | |
|---|---|
| Annual | £105,200 |
| Annual Per SF | £13.74 |
Property Facts
| Price | £2,018,721 | Apartment Style | Low Rise |
| Price Per Unit | £252,340 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Net Initial Yield | 5.21% | Building Size | 7,659 SF |
| No. Units | 8 | Average Occupancy | 92% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1929 |
| Price | £2,018,721 |
| Price Per Unit | £252,340 |
| Sale Type | Investment |
| Net Initial Yield | 5.21% |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 7,659 SF |
| Average Occupancy | 92% |
| Number of Floors | 2 |
| Year Built | 1929 |
Unit Amenities
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
- Window Coverings
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 900 |
| 2+1 | 2 | - | 950 - 1,000 |
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £980,925 (2024) | |
| Land Assessment | £745,133 (2024) | Annual Taxes | £22,006 (£2.87/sf) |
| Improvements Assessment | £235,791 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£745,133 (2024)
Improvements Assessment
£235,791 (2024)
Total Assessment
£980,925 (2024)
Annual Taxes
£22,006 (£2.87/sf)
Tax Year
2023
zoning
| Zoning Code | R4, Glendale |
| R4, Glendale |
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Boardwalk Properties & Investments
132 Carr Dr
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