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    1435 E Wilson Avenue

    Glendale, CA 91206
    • $4,500,000
    • STATUS: Active Under Contract
    • ON SITE: 45 days
    • ID#: P1-6164
    Under Contract
    UPDATED: 46 min ago
    $4,500,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    14-unit building in Glendale's Citrus Grove area. Well-kept, with several units recently upgraded, this two-level courtyard building is a solid investment opportunity with rents below market value. Built in 1973, the tenant-occupied property comprises of 10,119 square feet of living space on a 16,652 lot. It includes thirteen one-bed/one-bath units and one three-bedroom, two-and-a-half-bath unit that could be for an owner/user. There are 17 carport parking spaces, and an on-premises laundry facility. The address is minutes from the highly rated Adventist Health Glendale hospital. The palm-lined, family-friendly Citrus Grove neighborhood is just a mile from Downtown Glendale and its many dining and shopping destinations, including the fourth-largest mall in LA County, Glendale Galleria, and the picturesque Americana at Brand. It boasts excellent schools, several parks, and convenient access to many amenities including a Smart & Final Extra warehouse grocery store. Highway 2 connects the neighborhood with Interstate 5 for travel from Los Angeles to the coast.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-27T18:28:37.873. 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 The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
    www.debonishomes.com/homes/120390731
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    1435 E Wilson Avenue Glendale, CA 91206

    • Price: $4,500,000
    • Status: Active Under Contract
    • Updated: 46 min ago
    • ID#: P1-6164
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    1973
    Built
    Neighborhood:
    Not Applicable
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    14-unit building in Glendale's Citrus Grove area. Well-kept, with several units recently upgraded, this two-level courtyard building is a solid investment opportunity with rents below market value. Built in 1973, the tenant-occupied property comprises of 10,119 square feet of living space on a 16,652 lot. It includes thirteen one-bed/one-bath units and one three-bedroom, two-and-a-half-bath unit that could be for an owner/user. There are 17 carport parking spaces, and an on-premises laundry facility. The address is minutes from the highly rated Adventist Health Glendale hospital. The palm-lined, family-friendly Citrus Grove neighborhood is just a mile from Downtown Glendale and its many dining and shopping destinations, including the fourth-largest mall in LA County, Glendale Galleria, and the picturesque Americana at Brand. It boasts excellent schools, several parks, and convenient access to many amenities including a Smart & Final Extra warehouse grocery store. Highway 2 connects the neighborhood with Interstate 5 for travel from Los Angeles to the coast.
    Exterior Features

    Architectural Style Traditional Carport Spaces 17 Carport YN Yes Construction Materials Stucco Direction Faces South Fencing Stucco WallWrought Iron Lot Features Front Yard Number Of Separate Electric Meters 15 Parking Features AssignedCarportOne Space Parking Total 17 Pool Features None Pool Private YN No Property Attached YN Yes Roof Copper Spa Features None Spa YN No

    Interior Features

    Appliances Gas OvenRefrigerator Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 3.4 Community Features Sidewalks Fuel Expense 3758 Garage YN No Gross Income 5280 Gross Scheduled Income 254760 Insurance Expense 4800 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 12000 Net Operating Income 154533 New Taxes Expense 56250 Number Of Separate Gas Meters 15 Number Of Separate Water Meters 1 Operating Expense 100227 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 3444 Tax Annual Amount 56250 Tenant Pays ElectricityGasSecurity Trash Expense 780 Vacancy Allowance 3 Water Sewer Expense 6932 Water Source Public Zoning Glr4

    Listing provided courtesy of Max Pellegrini of Dilbeck Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-27T18:28:37.873. 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 The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
     
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