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Apartments For Sale • 7,194 SF
| Immediate development opportunity with 2 vacant rear units delivered at closing, allowing construction to begin immediately with no tenant relocation! |
| Contractor bid, conceptual plans, and renovation budgets already completed for a 3 Bed / 3 Bath conversion and an additional 3 Bed / 3 Bath ADU. |
| Potential to increase the property from 8 units to 9 units while substantially increasing rental income. |
| Multiple execution strategies: 1. Build the new ADU only. 2. Convert the two 1- bed units into one luxury 3 B/ 3 B residence. 3. Complete both! |
| Project management assistance available through our team using the contractor who prepared the preliminary construction budget |
| Located just 0.5 miles from The Americana at Brand and Glendale Galleria, surrounded by premier shopping, dining, and major employment centers. |
| Cap Rate: | 5.80 % |
| Total Expenses: | $62,082 USD |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| K K Wilson LLC |
| 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 | - | 2.3 mi |
| Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 9 min | - | 4.1 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 15 min | - | 9.5 mi |
| Los Angeles International | 38 min | - | 20.3 mi |
| Long Beach (Daugherty Field) | 42 min | - | 29.8 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 6 |
| Type: | Covered |
| Included in Rent: | Yes |
Elizabeth Maddox
Myunits.com Inc
Elizabeth Maddox
Myunits.com Inc