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    1127 Winchester Avenue

    Glendale, CA 91201
    • $7,400,000
    • STATUS: Active
    • ON SITE: 69 days
    • ID#: SR20197746
    UPDATED: 187 min ago
    $7,400,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,594
      SQFT
    • $446
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1988
    County:

    School Ratings & Info

    Description

    We are pleased to exclusively offer for sale the Winchester Apartments, a turn-key multifamily asset in prime north Glendale. The property consists of sixteen condo mapped & remodeled units in heavily desired rental pocket of Glendale. The Winchester Apartments also come with in place tentative tract map giving the owner the option to sell each unit individually as condominiums, with an estimated $9MM sellout. Some of the capital upgrades include new ac units, granite countertops, and custom cabinets, stainless steel appliances, signage, lighting, fire sprinkler system through building. Prime North of Glenoaks location, provides great Verdugo and city views. Side by side parking, gated intercom access, gated parking, balconies, are just a few asset amenities. The Winchester Apartments are comprised of (2) 3+2 rent avg. $2,373 | (12) 2+1.75 rent avg. $1,903 | (2) 1+1 rent avg. $1,535. Prime North of Glenoaks location, provides great Verdugo and city views. Side by side parking, gated intercom access, gated parking, balconies, are just a few asset amenities. The Winchester Condo Apartments are being offered with approved and in place tentative tract map, individual parcels award an owner the option to sell each unit as condominiums, realizing a substantial economic gain on exit. Contact exclusive listing agent for O.M.

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    Based on information from CRISNet MLS as of 2020-11-29T23:56:03.9. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-11-29T23:56:03.9. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/110256598
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    1127 Winchester Avenue Glendale, CA 91201

    • Price: $7,400,000
    • Status: Active
    • Updated: 187 min ago
    • ID#: SR20197746
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    16,594
    SQFT
    $446
    $/SQFT
    1988
    Built
    Neighborhood:
    626 - Glendale-Northwest
    County:
    Los Angeles
    Area:
    626 - Glendale-Northwest
    Property Description
    We are pleased to exclusively offer for sale the Winchester Apartments, a turn-key multifamily asset in prime north Glendale. The property consists of sixteen condo mapped & remodeled units in heavily desired rental pocket of Glendale. The Winchester Apartments also come with in place tentative tract map giving the owner the option to sell each unit individually as condominiums, with an estimated $9MM sellout. Some of the capital upgrades include new ac units, granite countertops, and custom cabinets, stainless steel appliances, signage, lighting, fire sprinkler system through building. Prime North of Glenoaks location, provides great Verdugo and city views. Side by side parking, gated intercom access, gated parking, balconies, are just a few asset amenities. The Winchester Apartments are comprised of (2) 3+2 rent avg. $2,373 | (12) 2+1.75 rent avg. $1,903 | (2) 1+1 rent avg. $1,535. Prime North of Glenoaks location, provides great Verdugo and city views. Side by side parking, gated intercom access, gated parking, balconies, are just a few asset amenities. The Winchester Condo Apartments are being offered with approved and in place tentative tract map, individual parcels award an owner the option to sell each unit as condominiums, realizing a substantial economic gain on exit. Contact exclusive listing agent for O.M.
    Exterior Features

    Lot Features 16-20 Units/Acre Lot Size Area 14717.0000 Parking Total 0.00

    Interior Features

    Common Walls 2+ Common Walls Laundry Features Common Area Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features MountainousSidewalksStorm DrainsStreet LightsSuburban Electric Expense 0.00 Fuel Expense 0.00 Gross Income 370836.00 Gross Scheduled Income 370836.00 Insurance Expense 0.00 Land Lease YN No Net Operating Income 223671.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 17 Number Of Separate Gas Meters 17 Number Of Separate Water Meters 17 Operating Expense 139748.00 Pool Features None Pool Private YN No Professional Management Expense 0.00 Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 139748.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Zoning Glr4yy

    Listing provided courtesy of Levon Alexanian, CA DRE# 00911091, of Keller Williams World Media Center.


    Based on information from CRISNet MLS as of 2020-11-29T23:56:03.9. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-11-29T23:56:03.9. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211