419 Salem St - Apartments FOR SALE


Glendale, CA 91203
$1,890,000 USD
818-203-5471
419 Salem St, Glendale, CA for Sale
$1,890,000 USD
Apartments - FOR SALE
1/17
null | 4.27% Cap Rate

419 Salem St
Glendale, CA 91203


HIGHLIGHTS

  • Property could be vacated in its entirely if required within 60 days after close of escrow.
  • Exceptional opportunities for an investor to rent the units at much higher rental rate with moderate upgrading of the units.
  • Large Units, High desired rental area in Glendale, Walking distance to Americana and Glendale Galleria.

OVERVIEW

LOCATION, LOCATION!!!! This is an exceptional opportunity for an investor or a buyer to own a "Owner Occupied" 4 Unit Multi-Family Building in City of Glendale, Glendale is and will most likely always be one of the highest demands, a self-incorporated City in L.A., EZ freeway access to everywhere, Glendale attracts great demand and dictates high rental rents. This is a wonderful starter investment in Glendale, Specious Four (4) unit building, The building consists of a Two spacious (Approximately 1100 SQFT, 2Bedroom, 1 Bath Units) and Two (Approximately 700 SQFT 1Bedroom, 1-bedroom Units) Buyer to verify!, Separately metered Units, Updated units with laminate flooring, newly painted building, The property offers 4-car carport spaces, One space for each unit. The property is located within within close proximity of the Americana at Brand and the recently remodeled Glendale Galleria shopping mall. “Property could be vacated in its entirely if required within 60 days after close of escrow” which could offer exceptional opportunities for an investor to rent the units at much higher rental rate with moderate upgrading of the units.

FOR SALE DETAILS

PRICE

$1,890,000 USD

PRICE/SF

$509 USD /SF

# OF UNITS

4

PRICE/UNIT

$472,500

CAP RATE

4.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

GLR4YY

APN/PARCEL ID

5637-017-032

ASK ABOUT THIS PROPERTY

Vahik BeglarianColdwell Banker Hallmark RealtyMore Info
818-203-5471

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Vahik BeglarianColdwell Banker Hallmark RealtyMore Info
818-203-5471

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