20 modern luxury units
Expansive layouts; 1,400-1,700 sf units
Unit mix of (10) 2+2.5 | (5) 2+2 | (5) 1+1.5
Built 2007 – high grade construction materials
All units w/Deck, avg 400 sf,
10-20 ft Ceilings, washer & dryer in units
20 individual parcels, condo mapped
$61,720/month, $740,640/annual –
The Alexanian Apartment Advisors are excited to announce the exclusive listing, the Doran Lofts, a truly one of a kind asset and offering in Glendale, CA. The modern luxury asset sits on a signalized corner lot, just shy of an acre. From high grade construction materials to designer selected finishes, this remarkable asset provides an investor a turn-key pride of ownership hold. The current ownership is enjoying cash-flow by operating as apartments, however Doran Lofts also provides an opportunity for future condo sale, being designed, built and condo mapped with 20 individual parcels.
Rare opportunity to not only penetrate a high barrier to entry market, but also to acquire a trophy asset with great curb appeal & recognition. The over-sized unit sizes and outdoor patio/deck space provide a lacking component in most newly constructed assets. The Doran Lofts offer a turnkey asset with top tier tenant demand and multiple long term hold/exit strategies. Low operating costs due to high grade construction design makes for a truly ease of management asset.
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