1062 Raymond Avenue, Glendale, CA 91201
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- MLS#: 24441075 ( )
- Street Address: 1062 Raymond Avenue
- Viewed: 12
- Price: $8,950,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1987
- Bldg sqft: 0
- Days On Market: 96
- Additional Information
- County: LOS ANGELES
- City: Glendale
- Zipcode: 91201
- Provided by: Kidder Mathews of California, Inc.
- Contact: David David
- DMCA Notice
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Description1060 Raymond Ave, Glendale, CA 91201, is a 20 unit multifamily property consisting of 1 three bedroom/two bath, 11 two bedroom/two bath, 7 one bedroom/one bath, and 1 studio unit, totaling 16,169 square feet. Built in 1987, the property falls under AB1482 rent control legislation and offers 22% upside in rents. Located in a highly walkable Glendale neighborhood with easy access to major freeways, retail, and dining, the property enjoys strong occupancy and demand. With diverse unit offerings and significant potential for rental growth, this asset presents a prime investment opportunity in a thriving Los Angeles submarket.
Property Location and Similar Properties
Features
Appliances
- Dishwasher
- Microwave
- Refrigerator
Building Area Total
- 16169.00
Cooling
- Central Air
Country
- US
Heating
- Central
Levels
- Multi/Split
Netoperatingincome
- 308062.00
Parcel Number
- 5623024025
Parking Features
- Subterranean
- Attached Carport
Postalcodeplus4
- 1712
Sourcesystemkey
- 24-441075:CLAW
Totalexpenses
- 188838.00
Views
- 12
Year Built
- 1987
Zoning
- GLR4YY
