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Apartments For Sale • 12,748 SF
| LISTING BROKER IS ALSO SERVING AS COURT-APPOINTED REFEREE. SALE SUBJECT TO COURT CONFIRMATION AND POSSIBLE OVERBID. CONTACT BROKER FOR DETAILS. |
| Built in 1988, the property is subject only to AB 1482 statewide rent control and is exempt from the Los Angeles Rent Stabilization Ordinance (RSO). |
| Twelve two-bedroom, two-bathroom units averaging approximately 900 square feet each; several updated units. |
| Strong existing operations with measurable potential for rent growth through continued unit upgrades and modernization. |
| Secure gated complex with 24 covered parking spaces, on-site laundry facilities, separately metered for gas and electric. |
| Located in the Glassell Park neighborhood, convenient access to DTLA, Glendale, Pasadena, and Hollywood via the 2 and 5 freeways. |
| Cap Rate: | 4.78 % |
| Total Expenses: | $109,089 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 5 min | - | 1.6 mi |
| Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 14 min | - | 5.8 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 20 min | - | 13.1 mi |
| Los Angeles International | 34 min | - | 20.2 mi |
| Long Beach (Daugherty Field) | 39 min | - | 26.5 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 24 |
| Type: | Covered |
| Included in Rent: | Yes |
Andrew Leff
The CREM Group
Andrew Leff
The CREM Group
