401 Raymond AVE new Save Request In-Person Tour Request Virtual Tour
Glendale,CA 91201
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,863 sqft
Price per Sqft $306
MLS Listing ID 25508487
Bedrooms 27
HOA Y/N No
Year Built 1964
Lot Size 0.389 Acres
Property Description
401 Raymond Ave, a 14 unit apartment building located in Glendale, a neighborhood in the San Fernando Valley. Built in 1964, the property consists of(3) one-bedroom + one-bathroom units, (10) two-bedroom + one-bathroom units and (1) two-bedroom+ two-bathroom units. The building is 13,863 gross square feet and sits on a 16,940 square foot lot.401 Raymond Ave is located on a charming, tree-lined street in Glendale. There is no shortage of activities to explore in the area. From shopping at the Burbank Town Center or Glendale Galleria to exploring Griffith Park and Stough Canyon, just a few miles away.Glendale lies at the eastern end of the San Fernando Valley, the location provides convenient access to the 134 and 5 freeways, further extending the area's connectivity to the rest of Los Angeles.401 Raymond Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 3.99% with the ability to improve to a6.35% CAP rate once units turnover.
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Zoning GLR3YY
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 13
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5625005023
Special Listing Condition Standard