Investment Opportunity in Prime Glendale Location

Investment Opportunity Glendale
Sold
  • $1,660,000
  • Property Type:
  • Location:
  • Beds: 9
  • Baths: 9
  • Sq Ft: 5376
  • Lot Sq Ft: 6969
357 West Wilson Avenue is profitable investment opportunity in Glendale available for purchase. Property includes two buildings with six units. All units are fully rented with no rent control. Great walkability to everything including the Galleria and Americana at Brand. Trust sale sold in “as-is” condition.

Details of the Investment Opportunity

    • 5,376 sq. ft. of living space (per public records)
    • 9 bedrooms/9 bathrooms (per public records)
    • 6,968 sq. ft. lot (per public records)
    • Built in 1962
The property is zoned GLR4YY
FRONT BUILDING:
    • Units 1-3: Each with 2 bedrooms & 1.5 baths (on two-levels)
    • Unit 4: 1 bedroom & 1 bath (one-level, accessible by exterior stairs)
    • Utility room with coin-operated washer/dryer & water heater
    • Utility room with sprinkler controls
 
Back Building
    • Units 5 & 6: Studios with 1 bath (one level located on second floor)
    • Accessible by covered exterior stairs
    • 3 covered parking spaces
    • 7 electric meters
    • 7 gas meters
    • All units have wall heaters & A/C units
 
2016 INCOME (Provided by Property Manager):
  • Gross: $72,727.52 (excluding income from laundry)
  • Operating Expenses: $31,225.04 (including management fee, taxes & insurance)
  • Net Opertating Income: $ 41,502.48
Did miss out on this excellent investment opportunity. Contact me today for a private showing or discuss the details of this property further. You can see more at the property website: 357westwilson.com/
Price:$1,660,000
Address:357 West Wilson Avenue
City:Glendale
State:CA
Zip Code:91203
MLS:317001357
Year Built:1962
Floors:2
Square Feet:5376
Lot Square Feet:6969
Bedrooms:9
Bathrooms:9

Listing Inquiry