403 W Glenoaks

    Glendale, CA 91202
    • $10,800,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 19425154
    UPDATED: 30 min ago
    $10,800,000
    • 0
      BEDS
    • 0.71
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,620
      SQFT
    • $650
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    Pacifica Glendale is a substantially renovated, two-story, 40 unit, property. Constructed in 1956 and updated in 2017/2018, Pacifica Glendale sits on a beautifully landscaped ++G++G+-31,005 square foot R1250 lot, with a total building area of ++G++G+-16,620 square feet. The controlled access property offers two on-site laundry facilities, a gated pool with seating area, a barbeque area with outdoor dining, a parking area with 42 parking spaces (zero soft story), security camera surveillance, is separately metered for gas and electric, and is serviced by two central water heaters.Pacifica Glendale offers an advantageous unit mix of 32 studio units and 8 one-bedroom/one-bathroom units. Ninety percent renovated units with new kitchens and bathrooms, stainless steel appliance packages, and stone countertops. Each unit offers split units for heating and cooling, gas stoves, dishwashers, upgraded flooring, and sufficient storage space.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T19:29:36.077. 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/91003566

    403 W Glenoaks Glendale, CA 91202

    • Price: $10,800,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: 19425154
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.71
    Acres
    16,620
    SQFT
    $650
    $/SQFT
    1956
    Built
    Neighborhood:
    626 - Glendale-Northwest
    County:
    Los Angeles
    Area:
    626 - Glendale-Northwest
    Property Description
    Pacifica Glendale is a substantially renovated, two-story, 40 unit, property. Constructed in 1956 and updated in 2017/2018, Pacifica Glendale sits on a beautifully landscaped ++G++G+-31,005 square foot R1250 lot, with a total building area of ++G++G+-16,620 square feet. The controlled access property offers two on-site laundry facilities, a gated pool with seating area, a barbeque area with outdoor dining, a parking area with 42 parking spaces (zero soft story), security camera surveillance, is separately metered for gas and electric, and is serviced by two central water heaters.Pacifica Glendale offers an advantageous unit mix of 32 studio units and 8 one-bedroom/one-bathroom units. Ninety percent renovated units with new kitchens and bathrooms, stainless steel appliance packages, and stone countertops. Each unit offers split units for heating and cooling, gas stoves, dishwashers, upgraded flooring, and sufficient storage space.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling Central Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.46 Electric Expense 4406.00 Fuel Expense 4275.00 Gross Multiplier 14.05 Gross Operating Income 782458.00 Insurance Expense 7378.00 Laundry Income 2394.00 Laundry YN Yes Licenses Expense 1848.00 Maintenance Expense 20000.00 Net Operating Income 482142.00 Operating Expense 7188.00 Other Expense 8000.00 Pest Control Expense 760.00 Pool Expense 3275.00 Professional Management Expense 29733.00 Special Listing Conditions Standard Total Expenses 261194.00 Trash Expense 2903.00 Water Sewer Expense 8945.00

    Listing provided courtesy of Priscilla Nee of Cb Richard Ellis, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T19:29:36.077. 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
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024