Building Size: 6,208 SF
Price/Unit: 90,000
Property Type: Multifamily
Property Sub-type: Garden / Low rise
Additional Sub-types: Economy/ Limited Service
Medical Office
Assisted Living Residences
Property Use Type: Investment
Cap Rate: 7.66 %
No. Stories: 2
Year Built: 1927
Lot Size: 0.16 AC
Highlights
- Prime Glendale Location w/ NO Rent Control
- Close Proximity to Glendale Galleria and The Americana
- Walking Distances to nearby Retail Shops, Restaurants and Eateries, Banks, Church, etc.
- Convenient Access to Freeways
- Upside Opportunity for the Right Investor
- Easy to Manage
Description
**PRICE REDUCTION** Formerly a motel, this 2 story 1927 brick building with street frontage is currently used as a 20 unit singles apartment (19 singles & 1 double with no kitchen). 7 parking spaces. This building with newer roof, copper plumbing, earth quake reinforcement, newer paint and newer carpet. DSP zoning (Downtown Specific Plan). Ideal use e.g. medical & dental offices, personal services, offices, motel, assisted living, senior housing. Buyer to verify with city regarding specific requirements for usage. Seller selling "as disclose". NO rent control. Drive by only, do not disturb tenant.