Property Detail

Description

6.2 cap + 12.49 GRM + non rent control + assumable $1.235M loan at 3.9% (principle & interest approx $6250/mo, Buyer to verify). NOT RSO not rent control (Rent Stabilization Ordinance) built in 1989. End owner's 3 bed 3 bath unit is vacant & ready for the new owner to occupy or rent. Real gross income with the vacant owner's unit rented and laundry income is at 6.2 cap at $205,327 today. 2026 rent increases could see $219,192 income by October. Upside is to $238,029 income. Located on the Glendale border with easy freeway access, restaurants, and shops is this well maintained 5 unit apartment building. Each unit is large 3 bedrooms. 2 parking spaces for each unit. End unit has a fenced rear backyard. Tenants pay for their own water, electricity, and gas. Photos of vacant end unit.