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1245 S Orange St

Glendale, CA 91204
  • $2,730,000
  • STATUS: Active
  • ON SITE: 151 Days
  • ID#: 22-135585
UPDATED: 52 min ago
$2,730,000
  • 16
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,680
    SQFT
  • $355
    $/SQFT
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Description

Containing exclusively two-bedroom units, the property provides a new owner the chance to dramatically improve cash flow as current rents are approximately 62% below market level. In-place rents average only $1.66 per square foot, while similar apartments in the area are achieving $2.60-$2.79 per square foot. The property sits approximately one mile from both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria. Situated near the intersection of Central Avenue and San Fernando Road, tenants enjoy convenient access to Griffith Park, Los Feliz, the Greek Theatre, and the Los Angeles Zoo. The soon-to-be-completed multi-million dollar North Atwater East Bank Riverway Project, which would provide a 2.2-mile pathway and connect to the Los Angeles River bike path, is only one mile from the building.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-10T22:43:07.403. 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/126613463
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1245 S Orange St Glendale, CA 91204

  • Price: $2,730,000
  • Status: Active
  • On Site: 151 Days
  • Updated: 52 min ago
  • ID#: 22-135585
16
Beds
0
Baths
0
½ Baths
0.2
Acres
7,680
SQFT
$355
$/SQFT
1927
Built
Neighborhood:
Glendale-South Of 134 Fwy
County:
Los Angeles
Area:
Glendale-South Of 134 Fwy
Property Description
Containing exclusively two-bedroom units, the property provides a new owner the chance to dramatically improve cash flow as current rents are approximately 62% below market level. In-place rents average only $1.66 per square foot, while similar apartments in the area are achieving $2.60-$2.79 per square foot. The property sits approximately one mile from both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria. Situated near the intersection of Central Avenue and San Fernando Road, tenants enjoy convenient access to Griffith Park, Los Feliz, the Greek Theatre, and the Los Angeles Zoo. The soon-to-be-completed multi-million dollar North Atwater East Bank Riverway Project, which would provide a 2.2-mile pathway and connect to the Los Angeles River bike path, is only one mile from the building.
Exterior Features

Lot Size Area 8482 Other Structures Other Parking Garage Assigned Total Parking 8

Interior Features

Baths Total 8.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 944839 Gross Income 153300 Gross Operating Income 148701 Like Units1 8 Net Operating Income 91309.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Estimated Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 57392 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Glr4yy

Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-10T22:43:07.403. 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
2999 Overland Ave., Suite 116
Los Angeles CA, 90064