1062 Raymond Avenue, Glendale, CA 91201
- $8,950,000
- $554
1062 Raymond Avenue, Glendale, CA 91201
- $8,950,000
- $554
Description
1060 Raymond Ave, Glendale, CA 91201, is a 20-unit multifamily property consisting of 1 three-bedroom/two-bath, 11 two-bedroom/two-bath, 7 one-bedroom/one-bath, and 1 studio unit, totaling 16,169 square feet. Built in 1987, the property falls under AB1482 rent control legislation and offers 22% upside in rents. Located in a highly walkable Glendale neighborhood with easy access to major freeways, retail, and dining, the property enjoys strong occupancy and demand. With diverse unit offerings and significant potential for rental growth, this asset presents a prime investment opportunity in a thriving Los Angeles submarket.
Address
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Address: 1062 Raymond Avenue
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City: Glendale
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State/county: CA
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Zip/Postal Code: 91201
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Area: 626 - Glendale-Northwest
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Country: United States
Details
Updated on September 24, 2024 at 7:15 am-
Property ID SGR-33985537
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Price $8,950,000
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Property Size 16169.00 m²
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Land Area 14842.00 m²
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Bedrooms 32
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Bathrooms 32
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Year Built 1987
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Property Type Residential Income
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Property Status For Sale
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Living Area 16169.00
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MLS# 24441075
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Office Name KIDDER MATHEWS OF CALIFORNIA, INC.
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Agent Name David Saghian
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MLS Status Active
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Living Area Prefix Sqft
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Co-Office Name Lyon Stahl Investment Real Estate, Inc.
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Co-Agent Name Michael Monempour
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Agent State License 01992252
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Co-Agent State License 01996829
Additional details
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Cooling Central Air
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Heating Central
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County Los Angeles
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Parking 34.00
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