20 modern luxury units in Glendale
16.6 GRM current rents, 3.8% CAP
20 Individual parcel included
Next to Disney’s Creative Campus
High grade 2008 construction
Designer finishes & color palette
Large units sizes 1,341 to 1,641 sf
From the original developer
Expansive outdoor deck areas
|No. Units||20||Gross Rent Multiplier||16.6|
|Building Size||30,250 SF||No. Stories||3|
|Price per unit||$575,000||Price per sq ft||$380.17|
|Property Type||Multifamily||Year Built||2007|
The Doran Lofts are an architectural masterpiece located in the “Jewel” city of Glendale. Crafted in 2007 from high grade construction materials and designer finishes, all 20 condo mapped individual parcels offer luxury rental units at its finest. With a range of 1,341 to 1,641 sq ft unit sizes, the Doran Lofts offer expansive living spaces not to mention the oversized outdoor decks. Fireplaces, walk in showers, in unit laundry rooms, state of the art kitchens with Jenn Air stainless steel appliances and some of the highest attention to detail that we have ever seen implemented. Above all, the offering satisfies the immediate demand for live and work environments, saving tenants often thousands of dollars on leasing work/office space. Although returns are attractive as rentals now, an owner can individually sell units later to capitalize on housing market gains. Located just 6 minutes from Americana at Brand and Glendale Galleria. Right next to Disney’s “GC3” -Grand Central Campus & Dreamworks Studios.
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