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
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- 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
FRONT BUILDING:
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- 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
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- 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
| 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 |
