Glendale, CA 91201,1055 Grover Avenue
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Glendale, CA 91201,1055 Grover Avenue
Glendale, CA 91201,1055 Grover Avenue
Glendale, CA 91201,1055 Grover Avenue
Glendale, CA 91201,1055 Grover Avenue
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1055 Grover Avenue Glendale, CA 91201

7,211 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,211 sqft

Price per Sqft $353

MLS Listing ID CRGD25174883

HOA Y/N No

Year Built 1962

Lot Size 7,741 Sqft

Acres 0.18

Property Sub-Type Other

Property Description

Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area. Pride of ownership, Owns for about 50 years. Lowest price per unit in Glendale $255k/unit. Due to this long term ownership relationship with great tenants, the current rents have remained very low, leaving about 80% upside in rents Current rents are significantly below market, for 10 units totaling about $165,000 a year. One 3 bed 2 bath, Two 2 bed 1 bath, Five 1 bed 1 bath, Two single. The rents in the area for a 3 bedroom unit can be over $3,500, for 2 bed $2800 and 1 bed $2100 a month. Some TLC on this property current rents can potentially go up about $267,000 a year. The property is centrally located for commutes, supermarkets, restaurants and schools . Driving distance downtown Los Angeles, Burbank, Montrose, Americana and Glendale Galleria, NOHO district, Old Town Pasadena, and the Rose Parade, JPL. Local LA and Hollywood attractions include the Music Center, Disney Music Hall, and Hollywood Bowl. This 10 units is truly one of a kind and great investment. Per seller, inside 6 units are updated, Has copper plumbing, newer water heater, walk way, all wall heaters and wall A/C’s, about 13 parking, Everything in this area sells quickly, priced right and will not last long in this market.

Location

State CA

County Los Angeles

Zoning GLR4

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Building

New Construction No

Others

Tax ID 5623031015


Bridge MLS
Listed by Vartan Markarian • Markarian Realty
agent

Devin Ratoosh

Broker Associate | License ID: r01820096

+1(510) 919-5499

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1055 Grover Avenue