eXp Realty Of California Inc
Leanne Reynolds, eXp Realty Of California IncPhone: (818) 731-9300
Email: [email protected]

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listing
1 of 9
Residential IncomeSold
List Price $2,730,000
Sold Price $2,450,000
1245 S Orange Street
Glendale, CA 91204
Listed by: Roderick 'Rick' Raymundo from Marcus & Millichap, (213) 943-1855 DRE#01357019 [email protected]
MLS: California Regional MLS (CRMLS)
16Beds
8Baths
7,680Sq Ft
Est. Mortgage
$14,192/mo

Containing exclusively two-bedroom units, the property provides a new owner the chance to dramatically improve cash flow as current rents are approximately 62% below market level. In-place rents average only $1.66 per square foot, while similar apartments in the area are achieving $2.60-$2.79 per square foot. The property sits approximately one mile from both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria. Situated near the intersection of Central Avenue and San Fernando Road, tenants enjoy convenient access to Griffith Park, Los Feliz, the Greek Theatre, and the Los Angeles Zoo. The soon-to-be-completed multi-million dollar North Atwater East Bank Riverway Project, which would provide a 2.2-mile pathway and connect to the Los Angeles River bike path, is only one mile from the building.

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Information courtesy of Marcus & Millichap is subject to verification and is not guaranteed.
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