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1638-1640 LAKE ST & 431 WINCHESTER AVE
Glendale, CA Riverside Rancho

$4,725,000 USD

Multifamily For Sale • 42,570 SF

3 Properties View all

Property Details

Property Type Multifamily
Cap Rate 6.10 %

39 Transit Score

80 Walk Score

                
                    Highlights
                
                                Excellent Below Market Assumable Loan @ 3.64%
                            
                                Large Corner Lot
                            
                                Charming Property in a Residential Pocket of Glendale
                            
                                Comprised of 5 Structures on 3 Contiguous Parcels
                            
                                Highly Desirable Rental Market
                            
                                Across the Street from Benjamin Franklin Elementary

Property Flyers

Lake Winchester OM 4.725

Financial Summary (Actual)

Net Operating Income: $288,296 USD (2024)

Cap Rate:	6.10 %
Total Expenses:	$175,592 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	6 min	-	2.0 mi
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	7 min	-	4.6 mi
Airport	Drive	Walk	Distance
Bob Hope	13 min	-	7.2 mi
Los Angeles International	38 min	-	24.6 mi
Long Beach (Daugherty Field)	42 min	-	30.3 mi

Jeff Louks 310-941-5899 Marcus & Millichap

1638-1640 LAKE ST & 431 WINCHESTER AVE Glendale, CA Riverside Rancho