1165 Thompson Avenue

    Glendale, CA 91201
    • $8,400,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: SR18164173
    UPDATED: 17 min ago
    $8,400,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,145
      SQFT
    • $397
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:

    School Ratings & Info

    Description

    We are pleased to introduce the Thompson, an 18 unit TURN-KEY multi-family asset, with large 1,187 S.F. avg. unit sizes, being offered at 3.8% in place CAP, in non-rent controlled Glendale Ca. Consisting of 78% 2 bedroom units, the Thompson provides Glendale's most desired and in demand unit layout, with the following phenomenal breakdown of (2) 3+2.5 TH, (4) 2+2.5 TH, (10) 2+2, (2) 1+1 units, all with updated interiors. Six of the units are townhouse style w/ fireplaces, central AC and heat. All units are programmed with stainless steel appliances, granite counters & back-splashes, newer cabinetry and fixtures, all have individual water heaters. Modern exterior detail and refreshed common areas lend to beautiful strong street presence. The Thompson incorporates an extensive list of capital improvements including solar panels on roof, poly-u coated reflective roof, new dual pane low-E windows and sliders, new intercom system, new gates, railings, signage thought, irrigation and landscaping. The Thompson, located at 1165 Thompson Ave Glendale, CA 91201, the asset is in the best part of the city. North of Glenoaks Blvd and the last apartment building before transitioning to strictly single-family homes w/ median sales price of $836,000. * Contact listing agent for complete offering memorandum *

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T12:28:15.063. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/85427524

    1165 Thompson Avenue Glendale, CA 91201

    • Price: $8,400,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: SR18164173
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    21,145
    SQFT
    $397
    $/SQFT
    1969
    Built
    Neighborhood:
    626 - Glendale-Northwest
    County:
    Los Angeles
    Area:
    626 - Glendale-Northwest
    Property Description
    We are pleased to introduce the Thompson, an 18 unit TURN-KEY multi-family asset, with large 1,187 S.F. avg. unit sizes, being offered at 3.8% in place CAP, in non-rent controlled Glendale Ca. Consisting of 78% 2 bedroom units, the Thompson provides Glendale's most desired and in demand unit layout, with the following phenomenal breakdown of (2) 3+2.5 TH, (4) 2+2.5 TH, (10) 2+2, (2) 1+1 units, all with updated interiors. Six of the units are townhouse style w/ fireplaces, central AC and heat. All units are programmed with stainless steel appliances, granite counters & back-splashes, newer cabinetry and fixtures, all have individual water heaters. Modern exterior detail and refreshed common areas lend to beautiful strong street presence. The Thompson incorporates an extensive list of capital improvements including solar panels on roof, poly-u coated reflective roof, new dual pane low-E windows and sliders, new intercom system, new gates, railings, signage thought, irrigation and landscaping. The Thompson, located at 1165 Thompson Ave Glendale, CA 91201, the asset is in the best part of the city. North of Glenoaks Blvd and the last apartment building before transitioning to strictly single-family homes w/ median sales price of $836,000. * Contact listing agent for complete offering memorandum *
    Exterior Features

    Garage Spaces 0.00 Lot Features 16-20 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 23.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features AreaCommunity Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features FoothillsGuttersSidewalksStorm DrainsStreet Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 490200.00 Gross Scheduled Income 490200.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 317806.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 18 Number Of Separate Gas Meters 18 Number Of Separate Water Meters 1 Operating Expense 162590.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Expenses 162590.00 Trash Expense 0.00 Water Sewer Expense 0.00 Year Built Source Assessor

    Listing provided courtesy of Levon Alexanian of Keller Williams World Media Ce.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T12:28:15.063. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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