$2,799,999
- Beds
- Unknown
- sq ft
- 7,211
1055 Grover Ave, Glendale, CA 91201
1055 Grover Ave
Glendale, CA 91201
- 58 days on market
Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area. Pride of ownership, Owns for about 50 years. Due to this long term ownership relationship with great tenants, the current rents have remained very low, leaving about 80% upside in rents Current rents are significantly below market, for 10 units totaling about $165,000 a year. One 3 bed 2 bath, Two 2 bed 1 bath, Five 1 bed 1 bath, Two single. The rents in the area for a 3 bedroom unit can be over $3,500, for 2 bed $2800 and 1 bed $2100 a month. Some TLC on this property current rents can potentially go up about $267,000 a year. The property is centrally located for commutes, supermarkets, restaurants and schools . Driving distance downtown Los Angeles, Burbank, Montrose, Americana and Glendale Galleria, NOHO district, Old Town Pasadena, and the Rose Parade, JPL. Local LA and Hollywood attractions include the Music Center, Disney Music Hall, and Hollywood Bowl.
This 10 units is truly one of a kind and great investment. Per seller, inside 6 units are updated, Has copper plumbing, newer water heater, walk way, all wall heaters and wall A/C’s, about 13 parking, Everything in this area sells quickly, priced right and will not last long in this market.
Details
Property type
Apartment
Lot size
7,741 sq ft
Price per sq ft
$389
Year built
1962
Price History
09/09/2024
CRMLS #GD24186109
Price change
$2,799,999
+55.56%
09/08/2024
CRMLS #GD24186109
Listed
$1,799,999
-40%
06/06/2024
CRMLS #GD24047499
Removed
$3,000,000
Schools & Community
Neighborhood:
Grandview
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Curbs
Community features:
Curbs
Status: Active
Tomo last checked: 11/05/2024 at 6:45 AM
Listing updated: 10/07/2024 at 12:41 AM
Listed by: Vartan Markarian, Markarian Realty Phone #: (818) 248-8668
MLS: CRMLS #GD24186109
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