1140-1142 Stanley Ave - Apartments FOR SALE


Glendale, CA 91206- Citrus Grove
$10,475,000 USD
818-549-9000
1140-1142 Stanley Ave, Glendale, CA for Sale
$10,475,000 USD
Apartments - FOR SALE
1/12
null | 4.45% Cap Rate

1140-1142 Stanley Ave
Glendale, CA 91206
Citrus Grove


HIGHLIGHTS

  • 23 Units well Kept property
  • Trust Sale
  • Close to all schools and transportation

OVERVIEW

Welcome to 1140-1142 Stanley Ave., Glendale California. 23 Units well-kept apartment building (one non-conforming Unit, which easily can be changed to legal unit based on new ADU laws Seller could have done but Seller is deceased). The property was built in 1984 with subterranean parking (35 spaces with the majority having storage on top of parking spaces). There are 9 large Two Bedrooms 1.75 Baths, 13 large One bedroom with 1 bath and 1 single unit. Some of the units have private patios and/or balconies. The property located in Central Glendale close by Glendale High School, Woodrow Wilson Middle School, and John Marshall Elementary School and Glendale Adventist Hospital and Medical Center. It is also close by shopping and transportation. It is a trust sale and property will be sold in its present condition. There are 4 vacant units left vacant on purpose. There will be an hosted open house for any interested Buyer who are willing to make an offer on March 15 2025 4PM to 7 PM and Saturday March 15,2025 10 AM to 1 PM. All offer will be due on March 18 2025 at 5 PM. Co listed with Artin Sakissian Art In Real Estate 818-437-2433

FOR SALE DETAILS

PRICE

$10,475,000 USD

PRICE/SF

$444 USD /SF

# OF UNITS

23

PRICE/UNIT

$455,435

CAP RATE

4.45%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stanley Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,496 SF

ZONING

GLR4*

APN/PARCEL ID

5645-016-020

ASK ABOUT THIS PROPERTY

Arthur MangassarianRE/MAX CommercialMore Info
818-549-9000

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Arthur MangassarianRE/MAX CommercialMore Info
818-549-9000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.