Description

We are pleased to be retained as the exclusive listing agent & advisor for this rare opportunity to reposition in Glendale. Due to the long-term ownership relationship, rents have remained at historic levels, leaving approximately 149% upside in rents. 92 Walk Score! The offering very likely represents the highest post-market yield being offered in all of the tri-cities. (10) 1+1, (4) 2+2, and 1 non confirming single, all within walking distance to Galleria, Americana, St Mary's Church, Pacific Park, Pacific Community Center & pool. Under 5 min drive to Glendale Memorial Hospital, 7 miles to downtown L.A. In addition to the upside in rents, there seems to be potential to add (2) ADUs where the pool used to occupy. Buyer to verify. Ownership has recently executed over $20,000 of capital expenses in concrete overlay, partial torch down of roof, new gutters and spouts. There are solar panels on the roof, on-site parking, laundry. *** For financial & complete offering memorandum, contact listing agent ***