1157 Alameda Avenue

  • Glendale

  • $9,400,000
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Residential Income Details

Description
We are pleased to introduce ELEVEN57, a rare re-positioned non-rent controlled 18 unit trophy multifamily asset. Comprised of all 2+2.5 T.H. units with individual washer & dryer, updated interiors, and modern exterior detail commanding strong street presence. ELEVEN57 incorporates a host of capital improvements such as solar panels on the rood, poly-u coated roof, new intercom system, new gates & railing, signage throughout, new irrigation and landscaping. Property was built 1986 and modernized recently. By capturing loss to lease upside in rents, ELEVEN57 translates into a 4.4% CAP rate. Each unit also encompass fireplaces, fenced private patios, open floor layouts, stainless steel appliances, dedicated gated parking spaces. ELEVEN57, located at 1157 Alameda Ave Glendale, CA 91201, the asset is in the prime part of the city, north of Glenoaks Blvd and on the last block before transitioning to strictly single family opens. The offering also sits at the midpoint to both downtown Glendale & Burbank. The dynamic location between two affluent cities provide both strong workforce with premiere shopping, dining and entertainment options. Within 2 blocks, tenants can walk to nearby grocery stores and several local restaurants.
Essential
MLS #SR18086670
Price$9,400,000
Number of Units18
Sale TypeStandard
StatusActive
Listing BrokerageKeller Williams World Media Ce
Listing AgentLevon Alexanian
Listing Agent BRE #00911091
Interior
Exterior
ParkingAssigned
Garage Spaces0
PoolNone
Community
Area626 - Glendale-Northwest
CommunityCurbs,Foothills,Gutters,Sidewalks,Storm Drains,Street Lighting,Suburban
Address1157 Alameda Avenue
CityGlendale
CountyLos Angeles
StateCA
ZipCode91201
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, April 18, 2018. 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.