1227-1229 S Central Ave - Apartments FOR SALE


Glendale, CA 91204
$11,400,000 USD
818-502-6744
1227-1229 S Central Ave, Glendale, CA for Sale
$11,400,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1227-1229 S Central Ave
Glendale, CA 91204


HIGHLIGHTS

  • The Property is also conveniently located 1.7 miles from Downtown Glendale – a short 3 minutes by car and 5 minutes by bike.
  • Adjacent to Burbank to the north and Pasadena to the east, Glendale is located 10 miles north of DTLA. It is the 4th largest city in California
  • Located in Glendale’s Tropico neighborhood, Walk Score® named the Property a walker’s paradise. It scored near perfect Walk Score® of 91 out of 100
  • The Property is a few blocks away from the Americana & Glendale Galleria Malls & public transit. It's steps away from Von’s grocery store.

OVERVIEW

Major Price Reduction/Owner Motivated for Year End Closing THE SUBJECT PROPERTY IS A CHARMING 45-UNIT GARDEN APARTMENT BUILDING BUILT IN 1927 THAT COMBINES OLD WORLD CHARM IN A SOPHISTICATED SUBURBAN/URBAN SETTING. Reflecting pride of ownership, the two-story brick building consists of 3 studios and 42 1 bd/1 ba apartments homes and offers onsite laundry, secure controlled access, a spacious courtyard, laminate flooring, microwave ovens, and air conditioning. The ±30,896 square foot building also features a beautiful and meticulously maintained pool, which is a bonus feature in sunny Southern California!

FOR SALE DETAILS

PRICE

$11,400,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

45

PRICE/UNIT

$253,333

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Major Price Reduction/Owner Motivated to Sell

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,157 SF

ZONING

C3

APN/PARCEL ID

5640-006-006

ASK ABOUT THIS PROPERTY

Edward MatevosianCBRE, Inc.More Info
818-502-6744

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Edward MatevosianCBRE, Inc.More Info
818-502-6744

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