$8,950,000
1062 Raymond AVE Glendale, CA 91201
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$8,950,000
Est. payment /mo
32 BD
32 BA
16,169 SqFt
Active
1062 Raymond AVE Glendale, CA 91201
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
Listed by David Saghian • Kidder Mathews of California, Inc.