Palm Glen
Remodeled interiors/common areas
Ease of management
Extensive capital upgrades
10%+ loss to lease
Walk to 3 schools
Walk to Starbucks
530 Palm Dr, Glendale Ca 91202
| Price | $6,700,000 | Cap Rate | 3.41% |
|---|---|---|---|
| No. Units | 16 | Gross Rent Multiplier | 18.5 |
| Building Size | 13,586 SF | No. Stories | 3 |
| Price/Unit | $418,750 | Year Built | 1985 |
| Property Type | Multifamily | Lot Size | 11,990 SF |
| Property Sub-type | Garden/Low-Rise | APN / Parcel ID | 5644-011-005 |
Description
As exclusive listing agents, the Alexanian Apartment Advisors are pleased to introduce to you this rare opportunity to own 16 units in non – rent controlled Glendale, California. Situated North of Glenoaks Blvd, the asset boasts an extensive list of capital upgrades, making this an ease of management asset and true turn key offering. Glendale is by far one of the strongest rental markets in Los Angeles. With the excellent location, condition and superb fundamentals, The Palm Glen Apartments offer stabilized asset and appealing long term investment opportunity.
For complete offering memorandum or questions, call (818) 239-1206
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