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988 W Glenoaks Blvd 4 Unit Apartment Building $2,483,185 CAD ($620,796 CAD/Unit) 5% Cap Rate Glendale, CA 91202
INVESTMENT HIGHLIGHTS
- Prime Location: The property is strategically located in Glendale, one of the most desirable cities in the Los Angeles metropolitan area
- Transportation Access: The property offers excellent access to major highways, public transportation, and is within a short drive of DTLA
- Diverse Unit Mix: The unit mix caters to a wide range of potential renters, from individuals to families, increasing income stability
- Strong Rental Demand: Glendale's housing market has shown consistent growth with high demand for rental units
- Upward Growth Potential: The Glendale real estate market continues to show steady appreciation, providing potential for long-term gains
- Fresh Paint and Exterior Repairs plus a New sewer line installed Nov. 2024
EXECUTIVE SUMMARY
The 988 W Glenoaks Blvd Apartment Building is an excellent investment option in the thriving Glendale, CA real estate market. Its prime location, strong rental demand, and potential for value appreciation make it an attractive prospect for investors seeking stable income and long-term growth. This 4 unit building consists of one large 3+2 located spanning the whole bottom level of the structure with a very spacious living room with plenty of natural light, breakfast nook, dinning room, and private patio area This unit also enjoys a two-car garage with an additional entry point right off the patio. The 2+1 unit is also a spacious size and sits above the garages in the rear of the building. The two other units are 1+1s and sit above the 3+2 unit.
PROPERTY FACTS
| Price | $2,483,185 CAD | Building Class | C |
| Price Per Unit | $620,796 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,555 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.54 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1948 |
| Property Type | Multifamily | Parking Ratio | 1.13/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | GLR4YY | ||
| Price | $2,483,185 CAD |
| Price Per Unit | $620,796 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 14.54 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,555 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | GLR4YY |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Family Room
SITE AMENITIES
- Laundry Facilities
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 5628-030-016 | Improvements Assessment | $1,129,978 CAD |
| Land Assessment | $753,315 CAD | Total Assessment | $1,883,293 CAD |
PROPERTY TAXES
Parcel Number
5628-030-016
Land Assessment
$753,315 CAD
Improvements Assessment
$1,129,978 CAD
Total Assessment
$1,883,293 CAD
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988 W Glenoaks Blvd
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