501 Alexander Street, Glendale, CA 91203
-
Sold Price :
$2,425,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1963
Property Description
7-UNIT INCOME PROPERTY FOR THE SAVVY INVESTOR
Located in the very desirable city of Glendale, this 7-unit property is ideally situated within close proximity to shopping and transportation. It is very accessible from the 134 and 5 freeways. Public transportation stops are within walking distance.
The unit mix is six 2-bedroom 1-bath and one 1-bedroom 1-bath units. The building is fully rented. Five of the seven units have been completely renovated while the other two were partially done. Majority of the exterior light fixtures have been upgraded to LED. The building has been freshly painted. Efficient double-pane vinyl windows were recently installed on the front of the upstairs units.
Tenants appreciate all the features and conveniences offered by 501 Alexander, It is a stable income-producing asset with upside potential. This makes it an excellent addition to a savvy investor’s portfolio.
Interior Features
Bedroom Information |
Bedrooms |
N/A |
Bathroom Information |
Bathrooms |
N/A |
Flooring Information |
Material |
Laminate |
Interior Information |
Features |
2 Staircases, Formica Counters, Open Floorplan |
Cooling Type |
Wall/Window Unit(s), Electric |
Listing Information
Address |
501 Alexander Street |
City |
Glendale |
State |
CA |
Zip |
91203 |
County |
Los Angeles |
Listing Agent |
Gary Legaspi DRE #01251036 |
Courtesy Of |
AY Realty |
Close Price |
$2,425,000 |
Status |
Closed |
Type |
Residential Income |
Structure Size |
N/A |
Lot Size |
5,644 |
Year Built |
1963 |
Listing information courtesy of: Gary Legaspi, AY Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 6th, 2020 at 8:56 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.