124 S Everett Street

    Glendale, CA 91205
    • $2,750,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: OC19124931
    UPDATED: 117 min ago
    $2,750,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,760
      SQFT
    • $477
      $/SQFT
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    With a Walk score of 94 this is an opportunity to re position this prime location, 8 unit apartment building. Competitive properties with unit amenities like in-unit washer dryers, energy efficient windows, wall-to-wall wood floors, stainless steel appliances, re[glazed counter tops, and brushed nickel fixtures indicate a significant premium of over $500 per unit per month in comparison to the subject property. Investors have the opportunity of enhancing the properties in their portfolio and earn a value-add return.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T00:36:54.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/95293298

    124 S Everett Street Glendale, CA 91205

    • Price: $2,750,000
    • Status: Active
    • Updated: 117 min ago
    • ID#: OC19124931
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,760
    SQFT
    $477
    $/SQFT
    1960
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    With a Walk score of 94 this is an opportunity to re position this prime location, 8 unit apartment building. Competitive properties with unit amenities like in-unit washer dryers, energy efficient windows, wall-to-wall wood floors, stainless steel appliances, re[glazed counter tops, and brushed nickel fixtures indicate a significant premium of over $500 per unit per month in comparison to the subject property. Investors have the opportunity of enhancing the properties in their portfolio and earn a value-add return.
    Exterior Features

    Carport Spaces 6.00 Garage Spaces 0.00 Lot Features 36-40 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Common Area

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSuburban Country Us Electric Expense 1500.00 Elevation Units Feet Fuel Expense 1000.00 Gardener Expense 2400.00 Gross Income 119727.00 Gross Scheduled Income 119727.00 Insurance Expense 2871.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 2304.00 Laundry YN Yes Licenses Expense 500.00 Maintenance Expense 3663.00 Net Operating Income 62515.00 New Construction YN No New Taxes Expense 30692.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 57209.00 Other Expense 8132.00 Other Expense Description Misc. Professional Management Expense 3556.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 9785.00 Total Expenses 57209.00 Trash Expense 900.00 Water Sewer Expense 1995.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Mike Marcu of Mike Marcu, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T00:36:54.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024