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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$4,250,000

Est. payment - /mo

27 Beds

15 Baths

13,863 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 13,863 sqft

Price per Sqft $306

MLS Listing ID 25508487

Bedrooms 27

HOA Y/N No

Year Built 1964

Lot Size 0.389 Acres

Property Description

401 Raymond Ave, a 14 unit apartment building located in Glendale, a neighborhood in the San Fernando Valley. Built in 1964, the property consists of(3) one-bedroom + one-bathroom units, (10) two-bedroom + one-bathroom units and (1) two-bedroom+ two-bathroom units. The building is 13,863 gross square feet and sits on a 16,940 square foot lot.401 Raymond Ave is located on a charming, tree-lined street in Glendale. There is no shortage of activities to explore in the area. From shopping at the Burbank Town Center or Glendale Galleria to exploring Griffith Park and Stough Canyon, just a few miles away.Glendale lies at the eastern end of the San Fernando Valley, the location provides convenient access to the 134 and 5 freeways, further extending the area's connectivity to the rest of Los Angeles.401 Raymond Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 3.99% with the ability to improve to a6.35% CAP rate once units turnover.

Location

State CA

County Los Angeles

Area 626 - Glendale-Northwest

Zoning GLR3YY

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Carport

Total Parking Spaces 13

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5625005023

Special Listing Condition Standard

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Listed by Michael Kamara Lyon Stahl Investment Real Estate, Inc.

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401 Raymond AVE Glendale, CA 91201