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1025 Melrose AVE Glendale, CA 91202
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Key Details
Sold Price $3,020,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,545 sqft
Price per Sqft $461
MLS Listing ID SR19207100
Sold Date 11/26/19
HOA Y/N No
Year Built 1957
Lot Size 8,746 Sqft
Acres 0.2008
Property Description
We are pleased to exclusively offer The Melrose Place Apartments for sale, a 9 unit professionally managed asset in North Glendale.
Situated North of Glenoaks Blvd in Glendale, this traditional apartment building is comprised of spacious (3) 2+1 units and (6) 1+1 units. Typically, assets in this prime rental pocket have a higher barrier to entry and historically lower vacancy as well. There is a multitude of shops & cafes including grocery stores, other easily accessible amenities in walking distance. The well laid out units also benefit from onsite parking, laundry and landscaped grounds. The current long term family owners in conjunction with a professional management company, have meticulously maintained the asset. The newer pitched roof, partial copper plumbing offer a well operating building. The extremely close proximity to the outdoor shopping mall, better known as one of L.A.'s premiere dinning, shopping, and entertainment hot spots, is a major plus for tenants. Property offers considerable upside in rents along with additional added value opportunity.
Email listing agent for complete offering memorandum.
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Zoning GLR4YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 7
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5636007020
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Jennifer Bertolet • David N. Schultz