Glendale, CA 91201,1062 Raymond AVE
Glendale, CA 91201,1062 Raymond AVE
Glendale, CA 91201,1062 Raymond AVE
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$8,950,000
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32 BD
32 BA
16,169 SqFt
Active

1062 Raymond AVE Glendale, CA 91201

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UPDATED:

09/30/2024 05:50 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,169 sqft

Price per Sqft $553

MLS Listing ID 24441075

Bedrooms 32

HOA Y/N No

Year Built 1987

Lot Size 0.341 Acres

Property 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.

Location

State CA

County Los Angeles

Area 626 - Glendale-Northwest

Zoning GLR4YY

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator

Exterior

Garage Attached Carport, Underground

Parking Type Attached Carport, Underground

Attached Garage Yes

Total Parking Spaces 34

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5623024025

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by David Saghian • Kidder Mathews of California, Inc.

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1062 Raymond AVE