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1055 Allen , Glendale, CA 91201
Priced at Only: $2,550,000
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Address: 1055 Allen , Glendale, CA 91201
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  • MLS#: GD26015222 ( Commercial/Residential )
  • Street Address: 1055 Allen
  • Viewed: 1
  • Price: $2,550,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1926
  • Bldg sqft: 0
  • Days On Market: 12
  • Additional Information
  • County: LOS ANGELES
  • City: Glendale
  • Zipcode: 91201
  • Provided by: Imperial Realty Co.
  • Contact: Rafik Rafik
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    1055 1057 Allen Avenue is a fully renovated five unit multifamily property consisting of three buildings situated on a 10,079 sqft lot, offering a compelling blend of modern design, strong tenant demand, and long term investment stability. The property features four (4) 1 bedroom / 1 bathroom units and one (1) detached 2 bedroom / 1 bathroom single family with a private backyard, All units interior and exterior have been completely gutted and renovated, with no expense spared. Interior upgrades include open floor plans, high ceilings, new flooring, recessed lighting, and modern white kitchens with generous cabinet space. Bathrooms have been upgraded with walk in showers and contemporary fixtures, and in unit laundry hookups are provided in every unit. The property offers private garages for each unit, accessed from the alley, along with a professionally landscaped courtyard featuring palm trees and fresh greenery, enhancing curb appeal and tenant satisfaction. This property offers excellent privacy, low operating costs, and minimal management needs. Conveniently located near shopping, dining, and major freeways, making a true turnkey investment with steady income potential and long term upside in a strong rental market.
Features
Association Fee
  1. 0.00
Building Area Total
  1. 3080.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 10
Fireplace Features
  1. None
Garage Spaces
  1. 5.00
Gardner Expense
  1. 1800.00
Insurance Expense
  1. 8765.00
Laundry Features
  1. In Kitchen
Levels
  1. One
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 119147.00
Newtaxesexpense
  1. 28688.00
Parcel Number
  1. 5624008027
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 455108467:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 13750.00
Totalexpenses
  1. 45853.00
Trash Expense
  1. 1800.00
Water Sewer Expense
  1. 4800.00
Water Source
  1. Public
Year Built
  1. 1926
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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