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$ 3,195,000
Est. payment /mo
Pending
1133 Alameda Avenue Glendale, CA 91201
7,704 SqFt
UPDATED:
02/03/2025 10:59 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 7,704 sqft
Price per Sqft $414
MLS Listing ID CL25488101
HOA Y/N No
Year Built 1986
Lot Size 7,208 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
In a market where much of the income property inventory consists of neglected buildings requiring significant capital improvements, 1133 Alameda stands out as a turnkey investment opportunity that combines immediate cash flow with strong growth potential. Built in 1986 by the parents of the current owners, this well-maintained property offers stability today while allowing for rent increases in the future. Located north of Glenoaks Boulevard near the Burbank border, residents of the building enjoy a highly desirable prime location minutes from the studios, restaurants, shops, Brand Park and the Americana At Brand. The property consists of eight two-bedroom, two-bath units, each featuring an en-suite primary bedroom, central air and heating, and individual hot water heaters. Many units have been upgraded with vinyl wood flooring, modern kitchen countertops and appliances, and refreshed bathrooms. The upper units provide treetop city views, with two of them offering private balconies, adding to their appeal for tenants. Two separate covered garage areas provide 12 side-by-side parking spaces and storage for each unit. A coin operated laundry room contributes $1200 a year in additional cash flow. Recent improvements ensure the property's long-term value. All eight units had their ce
Location
State CA
County Los Angeles
Zoning GLR4
Interior
Heating Other
Cooling Central Air
Flooring Laminate, Carpet
Fireplace No
Laundry Community Facility
Exterior
Utilities Available Other Water/Sewer
Building
Water Other
New Construction No
Others
Tax ID 5621028032
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Listed by David Robles • Real Broker