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1905 Vassar St
Glendale, CA 91204
Multifamily Property For Sale
·
7 Units
PROPERTY FACTS
| No. Units | 7 | Building Size | 5,527 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.26/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R4, Glendale - Residential | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,527 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | R4, Glendale - Residential |
AMENITIES
UNIT AMENITIES
- Storage Space
ABOUT 1905 VASSAR ST , GLENDALE, CA 91204
1905 Vassar Street is a 7-unit, two-story garden-style apartment community located in Glendale, California, approximately 12 miles north of downtown Los Angeles. Built in 1962, the property is situated on 8,046 square foot lot within a rentable area of 5,527 square feet and is improved with a wood-frame constructed building, featuring a stucco exterior and composite flat roof. The 1905 Vassar Street contains a unit mix of four one-bedroom / one- bath units, one two-bedroom / one-bath, and two two-bedroom / two-bathroom units with an overall average unit size of 789 square feet. With the recent increase in rents this value add opportunity still has a significant amount of upside in the rents. With some hand on management and a small capital contribution an investor could see a potential increase of an additional +/- 20%. With some minor cosmetic work to the exterior and small upgrades to the interior an investor could increase the net operating income to +/- $100,000.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 500 |
| 2+1 | 1 | - | 970 |
| 2+2 | 2 | - | 1,030 - 1,043 |
PROPERTY TAXES
| Parcel Number | 5640-039-002 | Improvements Assessment | $1,549,404 |
| Land Assessment | $1,954,204 | Total Assessment | $3,503,608 |
PROPERTY TAXES
