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1818 Vassar Street, Glendale, CA 91204
Priced at Only: $10,800,000
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Address: 1818 Vassar Street, Glendale, CA 91204
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  • MLS#: 26667623 ( )
  • Street Address: 1818 Vassar Street
  • Viewed: 2
  • Price: $10,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1987
  • Bldg sqft: 0
  • Days On Market: 1
  • Additional Information
  • County: LOS ANGELES
  • City: Glendale
  • Zipcode: 91204
  • Provided by: Remax Commercial and Investment Realty
  • Contact: Shant Shant
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present 1818 1826 Vassar Street, a rare opportunity to acquire a fully stabilized 31 unit apartment building in Glendale. Built in 1987, the property totals 25,480 SF multi story building on a 23,990 SF lot zoned and features 16 one bedroom/1 bath units and 15 two bedroom/1.5 bath units, with 50 covered parking spaces in a fully sprinklered below grade garage. Individually metered for gas and electricity, master metered for water, and fully secured with intercom access, the building also offers on site laundry and excellent curb appeal. This asset provides immediate cash flow and offers significant value add potential. Investors can enhance rents in compliance with AB 1482, implement capital improvements, and maximize returns in a market with no local rent control. With its strong unit mix, ample parking, and turnkey condition, this property is ideal for long term investors or value add strategies in Glendale, a city considered one of the leading most desirable neighborhoods of the area. This property is centrally located and within a short drive to The Americana at Brand & the vibrant Atwater Village Shopping/Retail Corridor. **Property Video link is provided. Do not contact tenants or the on site manager. Contact listing agents for full details and to schedule a private showing. Excellent 1031 Exchange potential for an exceptional investment opportunity act now!
Features
Building Area Total
  1. 25480.00
Country
  1. US
Laundry Features
  1. Community
Levels
  1. Multi/Split
Lockboxtype
  1. None
  2. See Remarks
Netoperatingincome
  1. 510226.00
Parcel Number
  1. 5640037037
Postalcodeplus4
  1. 2925
Sourcesystemkey
  1. 26667623:CLAW
Totalexpenses
  1. 282798.00
Vacancyallowance
  1. 32793
Year Built
  1. 1987
Year Built Source
  1. Assessor
Zoning
  1. GLR4*
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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