501 Alexander Street

    Glendale, CA 91203
    • $2,500,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: SB19021126
    UPDATED: 146 min ago
    $2,500,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,084
      SQFT
    • $411
      $/SQFT
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Great Income Units for the Savvy InvestorSavvy investors can recognize and appreciate this great income unit. Nestled within the desirable city of Glendale, 501 Alexander can be your potential retirement investment.This 7-unit building has six 2-bedroom 1-bath and one 1-bedroom 1 bath units. It is within close proximity to Glendale Galleria and accessible from the 134 Freeway. Five of the seven units have been recently renovated. Majority of the exterior light fixtures have been upgraded to LED. The building has also been freshly painted. The walkways have been recently re-coated and re-sealed.It is a rare opportunity for an investor to add a good income producing property to their portfolio.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T00:31:27.547. 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/91349601

    501 Alexander Street Glendale, CA 91203

    • Price: $2,500,000
    • Status: Active
    • Updated: 146 min ago
    • ID#: SB19021126
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,084
    SQFT
    $411
    $/SQFT
    1963
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    Great Income Units for the Savvy InvestorSavvy investors can recognize and appreciate this great income unit. Nestled within the desirable city of Glendale, 501 Alexander can be your potential retirement investment.This 7-unit building has six 2-bedroom 1-bath and one 1-bedroom 1 bath units. It is within close proximity to Glendale Galleria and accessible from the 134 Freeway. Five of the seven units have been recently renovated. Majority of the exterior light fixtures have been upgraded to LED. The building has also been freshly painted. The walkways have been recently re-coated and re-sealed.It is a rare opportunity for an investor to add a good income producing property to their portfolio.
    Exterior Features

    Architectural Style Traditional Carport Spaces 7.00 Construction Materials Drywall WallsFrame Fence YN Yes Fencing BlockFair Condition Foundation Details Slab Garage Spaces 0.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedDrivewayOff StreetTandem Covered Parking Total 7.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type MaintainedPaved Roof Common RoofCompositionTile Spa Features None Spa YN No View Mountain View YN Yes

    Interior Features

    Appliances Garbage DisposalGas RangeRange/Stove Hood Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 680 Average1 Bed Area Units Square Feet Average2 Bed Area 870 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall WindowElectric Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate Heating Wall HeaterNatural Gas Heating YN Yes Interior Features 2 StaircasesFormica CountersOpen Floor Plan Laundry Features CommunityDryer Included Levels Two Room Type Living Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalksUrban Country Us Electric Expense 0.00 Elevation Units Feet Gross Income 149400.00 Gross Scheduled Income 145200.00 Insurance Expense 1734.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 4200.00 Laundry YN Yes Maintenance Expense 4700.00 Net Operating Income 131820.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 7 Number Wall AC 7 Number With Disposal 7 Number With Patio 2 Number With Range 7 Operating Expense 17580.00 Other Expense 1320.00 Other Expense Description Gas Pest Control Expense 888.00 Pool Expense 0.00 Professional Management Expense 0.00 Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 4200.00 Tenant Pays ElectricityGasTelephone Total Actual Rent 145200.00 Total Expenses 17580.00 Trash Expense 1005.00 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Water Sewer Expense 3733.00 Water Source Public Year Built Source Assessor Zoning Glr4yy

    Listing provided courtesy of Gary Legaspi of Ay Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T00:31:27.547. 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