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1246 E Harvard St 6 Unit Apartment Building $2,124,135 CAD ($354,023 CAD/Unit) 3.30% Cap Rate Glendale, CA 91205
Investment Highlights
- Recent upgrades include a new roof and electrical system, reducing capital expenditure needs.
- On-site parking available for tenants, enhancing convenience and marketability.
- Located in a walkable Glendale neighborhood with access to retail, dining, and public transit.
- Positioned near major employment centers in Glendale, Burbank, and Downtown Los Angeles.
Executive Summary
Alexanian Apartment Advisors are pleased to represent a true value add opportunity with significant upside in Glendale Ca.
New roof and electrical done recently, removing significant capex requirements allowing for value add investors to focus on revenue driving efforts.
High walk score, on site parking, low basis.
New roof and electrical done recently, removing significant capex requirements allowing for value add investors to focus on revenue driving efforts.
High walk score, on site parking, low basis.
Property Facts
| Price | $2,124,135 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $354,023 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.30% | Building Size | 3,196 SF |
| Gross Rent Multiplier | 17.3 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Zoning | GLR4YY | ||
| Price | $2,124,135 CAD |
| Price Per Unit | $354,023 CAD |
| Sale Type | Investment |
| Cap Rate | 3.30% |
| Gross Rent Multiplier | 17.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,196 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | GLR4YY |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,695 CAD | - |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5680-005-017 | Improvements Assessment | $339,877 CAD |
| Land Assessment | $354,054 CAD | Total Assessment | $693,931 CAD |
Property Taxes
Parcel Number
5680-005-017
Land Assessment
$354,054 CAD
Improvements Assessment
$339,877 CAD
Total Assessment
$693,931 CAD
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1246 E Harvard St
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