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701 W Glenoaks Boulevard
USD 1,995,000
Property ID: 23291411
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701 W Glenoaks Boulevard ,91202
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icon 6166 SqFt
icon Built in 1946
icon USD 324/SqFt
icon 11 Beds
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
11
Bathrooms
0
Interior Size
4138
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1946
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Detailed Introduction Of This Home
An opportunity to purchase 701 West Glenoaks Boulevard, a 6-unit multifamily property in an excellent Glendale, CA location. There are many smaller multifamily properties that line Glenoaks Boulevard, a major thoroughfare that travels through Glendale, Burbank and into east San Fernando Valley, however investment opportunities are rare along the corridor. Available at an attractive $332,500 per unit while similar properties have sold for an average of $368,000 per unit, the property provides a tremendous opportunity for an investor to acquire a property in one of the most desirable neighborhoods in Glendale. The opportunity for the implementation of renovations and a RUBS program can dramatically boost future income streams and the overall value of the asset. The property is comprised of two separate structures that include a two-story fourplex in the front that contains four 2 bed/1 bath units and a two-story duplex in the rear that contains a 1 bed/1 bath unit on the bottom, a large 2 bed/1 bath unit on top, and two private car garages. The units in the front are individually metered for gas and electric while the units in the rear are both on one gas and electric meter. Located at the northwest corner of Glenoaks Boulevard and Concord Avenue, residents are close by of the local schools and the Metro and Glendale Beeline Bus stops. Glenoaks Boulevard is lined with many restaurants, retail shops and businesses and the provides tenants with ease of access to larger retail centers located at Glendale Galleria, The Americana of Glendale, The Burbank Town Center, and Empire Center of Burbank. The proximity to the 134 and 5 Freeways will provide tenants with an easy commute to nearby neighborhoods such as Burbank, Eagle Rock, Los Feliz, Downtown Los Angeles, Pasadena, and all areas of San Fernando Valley.
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Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (28)
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701 W Glenoaks Boulevard
USD 1,995,000 11 Beds
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