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403 W GLENOAKS, Glendale, CA 91202

Property Details

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Glendale, CA 91202

For Sale: $10,800,000

Property Type: Commercial Apartments
MLS#: 19425154

  • Building Size: 16620 SF
  • Lot Size: 31005 SF
  • Number of Units: 40
  • Number of Stories: 2
  • Year Built: 1956
  • Days on market: 96
  • Cap Rate: 4.65
  • Net Operating Income: $493,655
  • Gross Scheduled Income: $755,328
  • Rent Control: No
  • GRM: 13.83
  • Contact Listing Agent Direct:
  • Priscilla Nee, CB Richard Ellis, Inc.

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 ±31,005 square foot R1250 lot, with a total building area of ±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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403 W GLENOAKS, Glendale, CA 91202

Based on information from California Regional Multiple Listing Service, Inc. as of March 25, 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Priscilla Nee, CB Richard Ellis, Inc.

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