501 Alexander Street

    Glendale, CA 91203
    • $2,750,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: SB18075342
    UPDATED: 157 min ago
    $2,750,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,084
      SQFT
    • $452
      $/SQFT
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Great 7-unit income property in the desirable city of Glendale. There are six 2-bedroom 1-bath and one 1-bedroom 1-bath units. It is within close proximity to Glendale Galleria and accessible from the 134 freeway. Five of the seven units have been renovated. Majority of the exterior light fixtures have been upgraded to LED. The building has also been freshly painted. The walkways have been recently recoated and resealed. This is a good opportunity for a new owner to acquire a good income producing property.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-19T00:29:12.203. 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/82334896

    501 Alexander Street Glendale, CA 91203

    • Price: $2,750,000
    • Status: Active
    • Updated: 157 min ago
    • ID#: SB18075342
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,084
    SQFT
    $452
    $/SQFT
    1963
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    Great 7-unit income property in the desirable city of Glendale. There are six 2-bedroom 1-bath and one 1-bedroom 1-bath units. It is within close proximity to Glendale Galleria and accessible from the 134 freeway. Five of the seven units have been renovated. Majority of the exterior light fixtures have been upgraded to LED. The building has also been freshly painted. The walkways have been recently recoated and resealed. This is a good opportunity for a new owner to acquire a good income producing property.
    Exterior Features

    Architectural Style Traditional Carport Spaces 7.00 Construction Materials Drywall WallsFrame Fence YN Yes Fencing BlockFair Condition Foundation Details Slab Garage Spaces 0.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedDrivewayOff Street Parking Total 12.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Common RoofCompositionTile Spa Features None Spa YN No View Mountain View YN Yes

    Interior Features

    Appliances Garbage DisposalGas RangeRange/Stove Hood Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 650 Average1 Bed Area Units Square Feet Average2 Bed Area 850 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall WindowElectric Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate Heating Wall HeaterNatural Gas Heating YN Yes Interior Features 2 StaircasesFormica CountersOpen Floor Plan Laundry Features CommunityDryer Included Levels Two Room Type Living Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalksUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 1320.00 Gross Income 148800.00 Gross Scheduled Income 148800.00 Insurance Expense 1734.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 4200.00 Laundry YN Yes Maintenance Expense 4700.00 Net Operating Income 131220.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 7 Number Wall AC 7 Number With Disposal 7 Number With Patio 2 Number With Range 7 Operating Expense 17580.00 Pest Control Expense 888.00 Pool Expense 0.00 Professional Management Expense 0.00 Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Special Listing Conditions Standard Supplies Expense 4200.00 Tenant Pays ElectricityGasTelephone Total Actual Rent 144600.00 Total Expenses 17580.00 Trash Expense 1005.00 Utilities Natural Gas AvailableSewer AvailableSewer ConnectedWater AvailableWater Connected Water Sewer Expense 3733.00 Water Source Public Year Built Source Assessor Zoning Glr4yy

    Listing provided courtesy of Gary Legaspi of Ay Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-19T00:29:12.203. 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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