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1133 Alameda Avenue

Glendale, CA 91201
  • $3,195,000
  • STATUS: Active Under Contract
  • ON SITE: 21 Days
  • ID#: 25488101
Under Contract
UPDATED: 47 min ago
$3,195,000
  • 16
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,704
    SQFT
  • $415
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1986
County:

School Ratings & Info

Listing Agent(s): David Robles of Real Broker (619-663-8680)


Description

In a market where much of the income property inventory consists of neglected buildings requiring significant capital improvements, 1133 Alameda stands out as a turnkey investment opportunity that combines immediate cash flow with strong growth potential. Built in 1986 by the parents of the current owners, this well-maintained property offers stability today while allowing for rent increases in the future. Located north of Glenoaks Boulevard near the Burbank border, residents of the building enjoy a highly desirable prime location minutes from the studios, restaurants, shops, Brand Park and the Americana At Brand. The property consists of eight two-bedroom, two-bath units, each featuring an en-suite primary bedroom, central air and heating, and individual hot water heaters. Many units have been upgraded with vinyl wood flooring, modern kitchen countertops and appliances, and refreshed bathrooms. The upper units provide treetop city views, with two of them offering private balconies, adding to their appeal for tenants. Two separate covered garage areas provide 12 side-by-side parking spaces and storage for each unit. A coin operated laundry room contributes $1200 a year in additional cash flow. Recent improvements ensure the property's long-term value. All eight units had their central air conditioning systems replaced in 2020. In 2023, the roof was upgraded with a durable rubber coating, new fire alarm pull stations were installed, and security cameras were added for enhanced safety. With an average rent of $2,217 per unit, there is substantial room for rental growth, as comparable units in the area command approximately $2,600. 1133 Alameda is an investment that delivers immediate returns today while offering the potential for increased profitability in the years to come. This property is a rare opportunity to acquire a high-quality asset in a competitive market.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-15T14:29:58.287. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
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1133 Alameda Avenue Glendale, CA 91201

  • Price: $3,195,000
  • Status: Active Under Contract
  • On Site: 21 Days
  • Updated: 47 min ago
  • ID#: 25488101
16
Beds
0
Baths
0
½ Baths
0.17
Acres
7,704
SQFT
$415
$/SQFT
1986
Built
Neighborhood:
626 - Glendale-Northwest
County:
Los Angeles
Area:
626 - Glendale-Northwest
Property Description
In a market where much of the income property inventory consists of neglected buildings requiring significant capital improvements, 1133 Alameda stands out as a turnkey investment opportunity that combines immediate cash flow with strong growth potential. Built in 1986 by the parents of the current owners, this well-maintained property offers stability today while allowing for rent increases in the future. Located north of Glenoaks Boulevard near the Burbank border, residents of the building enjoy a highly desirable prime location minutes from the studios, restaurants, shops, Brand Park and the Americana At Brand. The property consists of eight two-bedroom, two-bath units, each featuring an en-suite primary bedroom, central air and heating, and individual hot water heaters. Many units have been upgraded with vinyl wood flooring, modern kitchen countertops and appliances, and refreshed bathrooms. The upper units provide treetop city views, with two of them offering private balconies, adding to their appeal for tenants. Two separate covered garage areas provide 12 side-by-side parking spaces and storage for each unit. A coin operated laundry room contributes $1200 a year in additional cash flow. Recent improvements ensure the property's long-term value. All eight units had their central air conditioning systems replaced in 2020. In 2023, the roof was upgraded with a durable rubber coating, new fire alarm pull stations were installed, and security cameras were added for enhanced safety. With an average rent of $2,217 per unit, there is substantial room for rental growth, as comparable units in the area command approximately $2,600. 1133 Alameda is an investment that delivers immediate returns today while offering the potential for increased profitability in the years to come. This property is a rare opportunity to acquire a high-quality asset in a competitive market.
Exterior Features

Architectural Style Contemporary Attached Garage YN Yes Carport Spaces 12 Carport YN Yes Construction Materials Stucco Entry Level 2 Number Of Separate Electric Meters 8 Parking Features Attached CarportCoveredCommunity Structure Parking Total 13 Pool Features None Pool Private YN No Roof Composition Spa Features None Spa YN No View YN Yes

Interior Features

Appliances DishwasherGas CooktopGas Oven Cooling Central Air Cooling YN Yes Flooring CarpetLaminate Heating Central Heating YN Yes

Property Features

Association YN No Cap Rate 4.3 Community Features Gated Gross Income 210300 Laundry Features Common Area Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 138413 New Construction YN No Number Of Separate Gas Meters 8 Property Condition Updated/Remodeled Security Features Gated Community Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 0 Zoning GLR4*



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-15T14:29:58.287. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): David Robles of Real Broker (619-663-8680)