640 Ivy St - Apartments FOR SALE


Glendale, CA 91204- Moorpark-Glendale
$2,690,000 USD
818-224-7949
640 Ivy St, Glendale, CA for Sale
$2,690,000 USD
Apartments - FOR SALE
1/12
null | 5.3% Cap Rate

640 Ivy St
Glendale, CA 91204
Moorpark-Glendale


HIGHLIGHTS

  • Built 1988
  • 13.7 GRM on current rents
  • 100% 2 bedrooms (2) are townhouse style
  • 2 blocks to Americana & Galleria

OVERVIEW

The Alexanian Apartment Advisors are pleased to be retained as the exclusive agents for this 6-unit multifamily investment offering in Glendale Ca. Comprised of a remarkable unit mix, 2 blocks to Americana at Brand, and individual hot water heaters. (5) of the 6 units are remodeled, 2 units are townhouse style and several HVAC units have been replaced. At 13.7 GRM this is a great turnkey offering with additional rental upside potential. Multiple storage closets can p[potentially generate additional revenue streams and there might be potential to incorporate an ADU, buyer to confirm.

FOR SALE DETAILS

PRICE

$2,690,000 USD

PRICE/SF

$479 USD /SF

# OF UNITS

6

PRICE/UNIT

$448,333

CAP RATE

5.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1988

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,987 SF

ZONING

R4, Glendale

APN/PARCEL ID

5695-009-016

ASK ABOUT THIS PROPERTY

Levon AlexanianAlexanian Apartment AdvisorsMore Info
818-224-7949

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

Levon AlexanianAlexanian Apartment AdvisorsMore Info
818-224-7949

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