Glendale, CA 91202,1025 Melrose AVE
Glendale, CA 91202,1025 Melrose AVE
Glendale, CA 91202,1025 Melrose AVE
6
$3,020,000
$3,100,000
2.6%
Est.Price: ?

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6,545 SqFt

1025 Melrose AVE Glendale, CA 91202

Est. payment /mo
SOLD DATE : 11/26/2019

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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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California Regional MLS (CRMLS)
Listed by Levon Alexanian • Keller Williams World Media Center
Bought with Jennifer Bertolet • David N. Schultz

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Andy Cleaves

Broker Associate | License ID: 01383386

+1(951) 732-7122

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