We are proud to represent this 10 unit apartment building in Glendale.
The building was constructed in 1989. Its unit mix consists entirely of (10) 2+2 units. With a lot size of 8,585 square feet, the property has a total of 9,524 rentable square feet.
The property is situated on a beautiful tree-lined street located above Glenoaks Blvd and has tremendous upside in existing rents. It has been well-maintained by a long-term owner. The tenants enjoy subterranean parking, central a/c, balconies, and fireplaces.
Property has an assumable loan of 756,000 at 3.5% interest fixed until 10/1/28.
The building is centrally located within the Glendale Unified School District and is only a short 10 minute walk to Herbert Hoover High School and Eleanor J. Toll Middle School; it is also less than a 10 minute drive to Balboa Elementary School. There are nearby speciality schools, from dual language schools to technology magnet schools and arts and performance schools. Glendale Unified School District schools consistently rank well within California and even on the national level.