We are pleased to present an exceptional investment opportunity: 451 Hawthorne St, a 25-unit multifamily property located in the Moorpark neighborhood, just steps away from Downtown Glendale. This property, offered for sale for the first time in 33 years, represents a rare generational investment in the highly sought-after Downtown Glendale area, situated only one block from the Glendale Galleria and two blocks from the Americana on Brand.What sets 451 Hawthorne apart from other properties of similar vintage in Glendale is its distinctive architecture and layout, making it an ideal choice for investors seeking over 20% in rental upside through an interior and exterior renovation program. The property's value is further solidified by its zoning designation as R1250, which prohibits future multifamily developments of this size at this prime location.Constructed in 1989, this three-story property comprises six 1-bedroom/1-bathroom units, one 1-bedroom/1.5-bathroom + office townhouse unit, and eighteen 2-bedroom/2-bathroom units. Nine of these units have undergone renovations featuring custom kitchen cabinetry and updated bathrooms, while almost all units have received new vinyl plank or wood laminate flooring. Four units have undergone minor improvements, and the remaining 12 units
Old town Tujunga. Close to Historical Bolton House and Park. Great street for doing business. 1,560 sq. ft. of open ware house space with alley accesss. Has many types of uses. Warehouse, contruction yard, storage, food prosessing, retail, manufacturing. Front of property is open to Commerce with plenty of space for parking. Back off of alley has loading area. Great for most commercial, industrial and commercial businesses. Room in front of property to build and add on.
Commercial / Mixed Use property being used as a Triplex residential income property. 3 Units being rented out totaling $5,500 a month. Excellent opportunity for an Investor to expand their portfolio. Front of building is zoned for retail but being used as 3 bedroom | 1 bath rental. Rear of property with access from alley has 2 rental units available; both 1 bed | 1 bath.
We are proud to represent this completely renovated 15 unit apartment building in an excellent rental pocket of Burbank. The property has an excellent unit mix consisting of (12) one bedroom one bath units, (2) two bedroom one bath unit, and (1) two bedroom two bath unit. The property is situated on a 17,821 square foot lot with 100 feet of frontage on two separate assessor parcel numbers. There is an additional 153 square foot storage room that can be used as an office. The property has been completed renovated and the renovations include new plumbing, new roof, new electrical wiring and sub panels, new heating and a/c system with new ducting, new kitchen cabinets and countertops, new bathrooms, recessed lighting, and new interior and exterior paint. All units have washer and dryers. The property is completely turn key and it is at an in place 5 cap rate with upside on existing rents. The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. The property is separatel
Excellent opportunity to purchase an eight (8) unit apartment building with a significant upside in rental income. 311 E. Maple Street is an 8-unit multifamily property in the desirable southeast area of Glendale, CA. This property provides a tremendous opportunity for an investor to acquire pride in ownership of an asset that has been professionally managed and cared for. As its the first time in the market after 39 years of ownership, this is truly an irreplaceable asset to own. The property is a two-story building that was constructed in 1974 and consists of two large 2bed and 1.3/4bath units and six 1bed and 1bath units. Large roomy units (Buyer to verify the square footage if required). It also includes thirteen (13) parking spaces that include a combination of a private two (2) car garage, which is being used by the owner as storage currently, eleven (11) surface carport parking spaces, which are used by the tenants, a large on-site laundry room, and very minimal landscaping. Most tenants are on a month-to-month basis, and units are separately metered for gas and electricity. The property is within a short distance to multiple bus stops located on Glendale Avenue and Brand Boulevard, in addition to nearby retail shops and businesses. It provides tenants with ease of acce
Presenting an exceptional investment opportunity nestled in the heart of Tujunga! Welcome to 10345 Pinyon Avenue, featuring a property of 7 residential units, 2 leased storages, and 4 leased garages. This property consists of a total of 3,934 square feet of living space. Positioned on a spacious 21,794 square foot lot (0.5 acres), this offering provides ample room for future development or expansion ventures. Each unit is meticulously designed to offer comfortable living arrangements tailored to diverse tenant needs. Additionally, 2 Ready-to-Issue (RTI) Accessory Dwelling Units (ADUs), each spanning 1,000 square feet, will be included with the property, with an opportunity to obtain a Junior ADU on the premises also. Notably, one unit is currently vacant and newly remodeled, poised to enhance the cap rate. Residential tenants have been issued letters for rent increases beginning April 1, 2024. Whether you're looking to diversify your investment portfolio or embark on a new venture, this property offers boundless potential for growth and prosperity. Don't miss out on this exceptional opportunity to make your mark in Tujunga's flourishing real estate landscape!
The Mom & Pop owned, 8 unit R3 zoned building is located in the Tujunga-Sunland burgeoning rental market. The 2 story building (5440 sf) rests on a 10,889 sf rectangular lot. This highly adaptable property is a great option for developers, housing providers, or owner/occupier with 2 recently renovated vacant units. (Following sample images are 1 Bed/1Bath Corner Units 1 & 5) The property has 12 parking spots (6 covered), 6 storage units, and a laundry facility for additional income opportunities. Easy property to maintain and owner has consistently fixed/repaired units and exteriors. All tenants are aware of sale and month to month. The apartment building is located just north of Foothill Boulevard and a short distance from stores and eateries located on the boulevard. Please do not go on the property without listing agent.
The offering represents the highest in-place-yielding apartments for sale currently in the city of Glendale* Owned and operated by the same family for over 2 decades, they have exerted extensive capital improvements throughout their tenure. The property consists of 2 story 1+1+Dens that are all functioning as as 2+1. All units have individual washer & dryer hookups and water heaters. Electrical is updated and the property is individually metered for gas & electricity. With an average in-place rent of $2,285, there is a significant loss to lease (11%+) Additionally, the incorporating of potential (2) 1+1 ADUs in th parking lot, can take a new buyers pro forma yield to 7.5%* Casa De Mariposa with a WalkScore of 91! is situated less than 1 mile to Americana at Brand and all of the robust shopping dining & entertainment along downtown Glendale. (*) buyer to verify. For the offering memorandum or any questions, call Greg Alexanian.
Presented alongside the neighboring 427 E Acacia Avenue building, the two properties are available either individually or as a portfolio. The entire building consists of two bedroom apartments with rents ranging from $2,025 to $2,100, while similar properties are achieving rents above $2,700. A new investor may be able to capture the approximately 27% rent upside more rapidly as the property is granted higher allowable rent increases via AB 1482, when compared to other assets subject to Los Angeles rent control. The buildings are surrounded by attractive shopping and dining options. Mere blocks east, tenants can enjoy boutiques, coffeeshops, and restaurants in historic Adams Square. Several retailers and restaurants line both Glendale Avenue and Brand Boulevard, both major streets being within two blocks of the property. Less than one mile north are both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria shopping mall.
Presented alongside the neighboring 421 E Acacia Avenue building, the two properties are available either individually or as a portfolio. The entire building consists of two bedroom apartments with rents ranging from $2,025 to $2,075, while similar properties are achieving rents above $2,700. A new investor may be able to capture the approximately 27% rent upside more rapidly as the property is granted higher allowable rent increases via AB 1482, when compared to other assets subject to Los Angeles rent control. The buildings are surrounded by attractive shopping and dining options. Mere blocks east, tenants can enjoy boutiques, coffeeshops, and restaurants in historic Adams Square. Several retailers and restaurants line both Glendale Avenue and Brand Boulevard, both major streets being within two blocks of the property. Less than one mile north are both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria shopping mall.
Look no further. This is an ideal location with many possibilities . Currently used as Religious Institution. City of Pasadena zones the lot - PSC There is ONE building standing. It is up to Buyer what they intend to do with the building. Once Accepted, Listing Agent will set the date for Buyer to view the inside of the building. This sale is negotiable. Seller is motivated. Offers are welcome.
California Court Bungalows, located at 615 S. Columbus Avenue, is a tastefully restored 13-unit California bungalow courtyard style asset located five blocks from the Glendale Americana. Current ownership has spent over $700,000 on capital improvements including new electric, plumbing and exterior work. The property is comprised of (12) 1 BD/1 BA units and (1) studio. All of the spacious units have been thoughtfully renovated to capitalize on the areas strong tenant base. Current ownership has implemented a RUBS program across all units to improve operational efficiencies, allowing new ownership to operate the asset at a sub 30% expense ratio. Eight existing garages and (5) surface spaces provide current income, and also have the potential to be converted into three (3) ADUs for additional rental revenue of approximately $34,605. Based on estimates, a new owner can achieve a return on cost of nearly 270% by raising rents to market and completing additional investment into the ADU construction. 615 S. Columbus Avenue offers a fully assumable loan at 5.18% with 5 years of fixed financing and 2 years of interest only payments remaining.
We are pleased to present for the very 1st time ever, the Burbank Terrace Condos. Being offered by the original developer and owner since its inception in 2006, the property can widely be considered one of the nicest assets to be built within the city. Initially developed as condominiums, the level of construction and attention to detail is of high caliber. There is currently a $1.995M assumable loan at 3.45% This unique opportunity to obtain capital at over 50% discount from the going interest rates will significantly improve cash flow and shelter against rising inflation. For additional cashflow stream, a utility billback system can easily be incorporated as well. Boasting massive unit mixes and modern luxuries such as in-unit washer dryers, fireplaces, wet bars, gated subterranean parking, intercom controlled access, and priceless views of the Verdugo Mountains, the Terraces are With a WalkScore of 92, a "Walker's Paradise" tenant are within reach of all major shops, dining, and service options within the city. Across the street from the largest and most touted Burbank High School, vacancy has been and will continue to be historically nonexistent. As Burbank tenants and landlords alike wait patiently, the proposed old lkea site development which will be only steps away from
Presenting 420 W Windsor Rd a remarkable opportunity to acquire a rare apartment building boasting 25 units in Glendale! Nestled on a charming tree-lined street just a few blocks away from the Americana and Griffith Park, and offering a convenient commute to downtown, this meticulously maintained property was constructed in 1987 on a spacious 2.25-acre lot (totaling 19,697 SF). Comprising (9) 1-bed, 1-bath, (12) 2-bed, 2-bath, and (4) 3-bed, 2-bath units, each equipped with central AC and eight units featuring balconies, this property provides a comfortable and attractive living space. Additionally, there is an existing unpermitted 1-bed, 1-bath unit on the ground level, currently utilized by the owners as office space and storage. Under the dedicated ownership and management of the current owner for nearly three decades, the rental rates have consistently experienced an annual increase of 4-7%. For added convenience, the owner is open to assisting with management for up to a year post-closing. The pro forma cap rate of 4.1% encompasses the scheduled rent increases in 2024 and the new assessed value of $13,499,000 at a rate of 1.25%. Dont miss out on the opportunity to purchase this exceptional building!
Built in 1924, 451 E. Sacramento Street offers an investor the opportunity to acquire an 8-unit asset on an over 30,000-square-foot lot in Altadena, California. The property is comprised of (8) 1BD/1BA + Den units with over $540,000 spent on capital improvements, including new plumbing, roofing and electrical ugrades already completed. Current ownership has received approval from the City allowing the lot to be subdivided into three (3) separate parcels with the ability to build eight (8) new ADUs across the parcels, for additional rental revenue of approximately $386,400 annually. With the construction of the ADUs, the property can be stabilized at a 11.85% cap rate and 6.98 GRM. Resident utility billing (RUBS) has been implemented across the property to lower operational expenses. The property is Mills Act eligible, allowing new ownership the opportunity for significant tax savings*. 451 E. Sacramento Street offers an assumable Freddie Mac loan of $1,646,000 at 5.25% with 5 years of interest only payments remaining.
This two-story office is approximately 4,790 square feet and situated on a 28,268 square foot lot. It includes executive offices, a reception area, a kitchenette, storage, and more. There are also 11 assigned parking spaces. This office is located in a condominium complex and is part of a cohesive office community with shared ownership. It is called Office Condominium Suite 1 and is located in a quiet and inviting area with trees and hills. The office has a collaborative environment and amenities such as a conference room, storage area, and kitchenette. The office is close to Old Town Pasadena and has many retail and dining options. It is also close to major freeways 2, 210 and 134. Tailored to meet the needs of both investors and owner-user professionals, especially those in fields like architecture, engineering, accounting, law, family therapy, and related businesses, this property offers secure ownership with significant income potential.
An Exceptional opportunity to own this Residential Income property in city of Pasadena, 5 units residential income with large lot, conveniently located close to the Freeways, Public Transportations, Shopping areas, Old Town Pasadena, Rose Bowl, Restaurants, and Public Parks. It is a great Value with possibility of building 2 additional ADUs on this lot. with even a much higher future income, all units are occupied and well maintained. 110 E washington has 3 units and listed separately and these two lots are attached to each others and are being sold together.
RE/MAX Tri-City Commercial presents an exceptional opportunity with the offering of 10205 Plainview Ave. Secured gated 12 Units built in 1986 with combination of 4 two bedrooms and 8 one bedrooms with 20+ parking spaces. Most of the units have fire place in living room. The property is walking distance to Foothill shopping and transportation and bus station. Long term tenants. Most of the units have fire places and well maintained. Tujunga has been growing with new tenants moving from Glendale and La Crescenta areas and property price has been rising almost double in the last 7 years. Please do not go on the property. Drive by Only. See agents remarks for submitting offer criteria. Email agent for offering memorandum.
"Luxury Auto Spa" / "Car Wash" Investment opportunity for owner-user or experienced investor to purchase Real Estate with successful business. Multiple streams of income from hand washes, details, wraps, rims, c-store, and more! 13.25 CAP! Owner will provide up to six months of training. Buyer will inherit $1M worth of Equipment, Permits pending for new detached 6-car garage. PLEASE DO NOT DISTURB THE MANAGERS AND EMPLOYEES.
Welcome to your new investment opportunity in the area of Pasadena! Presenting this well-maintained 5-unit apartment building that offers both comfort and convenience. Each unit comes with its own designated parking spot in the rear, ensuring hassle-free parking for tenants. Upon entering the property, you'll find two units: one featuring 2 bedrooms and 1 bathroom, and the other offering 1 bedroom and 1 bathroom. Above each of these units lies identical rooms and layouts, providing consistency throughout the building. As you explore further, you'll discover the last 1 bedroom, 1 bathroom apartment tucked away separately from the other four units, offering a sense of privacy and exclusivity. Additionally, the property boasts a garage and a laundry room in the back, enhancing convenience for both tenants and owners alike. Located in close proximity to schools, parks, trails, and the charming Old Town Pasadena, this property promises a lifestyle of ease and enjoyment for its residents. Don't miss out on this incredible opportunity to own a piece of Pasadena's thriving real estate market and the endless possibilities this property has to offer!
Located on North Fair Oaks Avenue in Pasadena, California, the Fair Oaks Revival is a great mix of modern and classic stylings due to the unique offering of two completely renovated and relocated historical homes along with five brand new townhomes located at the rear portion of the property. With a great unit mix of (3) - 3 bed / 2.5 bath townhomes, (2) - 1 bed / 1.5 bath townhomes, (2) - 2 bed / 2 bath, (2) - 1 bed / 1 bath, and (1) - commercial office space, this turn-key property offers a total building square footage of +/-9,520 on a +/-14,636 square foot lot.The units offer brand new finishes with a mixture of hardwood flooring, stainless steel appliances, and washer/dryer hook-ups. Each unit is tastefully remodeled and offers central heat and air.The building offers fifteen parking spaces with rear access through the alleyway. There are fourteen standard parking spaces and one handicap accessible space.
*** Just reduced by $225,000 - Bring ALL offers - current ownership is motivated to meet the market *** 327 S. Madison Way is an 8-unit townhouse complex in Glendale (built in 1983) located down the street from the new East End Studios. This well-maintained property features (8) 2-bdrm. and 2.5-bath townhouse-style units with direct access to a private 2-car garage, central A/C, in-unit laundry, and a private patio. Each spacious townhome averages approx. 1,281 SF, and tenants are responsible for paying the costs of gas, electricity, and water. Ownership upgraded several units including, wood laminate flooring, updated cabinetry, stainless steel appliances, and recessed lighting. This turnkey property is equipped with subterranean parking (no retrofitting required), copper plumbing, a new roof in 2019, and upgraded decks in 2020 (per ownership). 327 S. Madison is located 1.4 miles from The Americana at Brand, Glendale Galleria, Glendale Fashion Center, and an array of dining/entertainment amenities along Brand Blvd. Please note that the City of Glendale currently allows an 8.8% annual rental increase (5% + CPI). The property offers approx. 23% rental upside compared to renovated units in the area. The property will stabilize at 6.15% CAP and 11.29 GRM at the list price.
Seller Carry Financing Available. Value-add investment opportunity located in the trendy Los Angeles submarket of Atwater Village. This 8-unit apartment complex features a diverse unit mix consisting of three 2 bed + 1 bath, and five 1 bed + 1 bath units. Atwater Village boasts a vibrant community of with a mix of modern amenities and old-school charm. From trendy cafes and eateries to boutique shops and yoga studios, residents enjoy easy access to everything they need. With picturesque streets, parks, and the proximity to the LA River, the neighborhood offers a relaxed yet dynamic lifestyle in the heart of LA. From the property, it's only a short brisk walk to the following neighborhood facilities: North Atwater Park, Chevy Chase Park, North Atwater Bridge, The Paddock Riding Club, River Ridge Club and Stables and much more along the LA River. Tuck-under retrofit work has yet to be complete, but plans are in place. This could offer a savvy investor the ability for ADU potential, buyer to research and verify at their discretion. Broker/agent do not guarantee the accuracy of the information pertaining to the size and condition of the property and its features provided by the Seller, though public records, or any other sources and Buyer is advised to independently verify the accura
