A truly unique and rare opportunity to purchase a twenty-five (25) unit apartment building located in prime Glendale, resting in the hills above Glenoaks. Originally constructed in 1967, the property features one building with three floors. The property features large and spacious units with an average size of 1,388 square feet and a unit mix of twenty-one (21) 2 bedroom 2 bathroom units, three (3) 3 bedroom 2 bathroom units, and one (1) 1 bedroom 1 bathroom non-conforming unit. Each unit comes with a storage locker (located in the laundry room), one assigned parking space (select units have 2 spaces, and a private patio/balcony. Landlord pays electrical utility bill for the for the common AC System. Each unit has its own thermostat and coil system. The laundry machines are owned. Seventeen (17) units have been upgraded over the years with hardwood floors and granite countertops. Common area amenities included secured parking and on-site coin operated laundry facilities, common A/C Tower with Chiller and common boiler. Units are separately metered for electricity, and do not feature gas. The only gas portion of the building is for the boiler. Ownership has spent over $1,000,000 on capital improvements.
Property Details
Price:
$9,950,000
MLS #:
24416677
Status:
Pending
Baths:
0
Address:
950 N Louise Street
Type:
Residential Income
Neighborhood:
627rossmoyneverduwoodlands
City:
Glendale
Listed Date:
Jul 12, 2024
State:
CA
ZIP:
91207
Lot Size:
17,038 sqft / 0.39 acres (approx)
Year Built:
1967
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Schools
Interior
Appliances
Dishwasher, Microwave
Cooling
Central Air
Heating
Central
Exterior
Parking Features
Assigned, Controlled Entrance
Parking Spots
33.00
Security Features
Card/ Code Access
Stories Total
3
Financial
Map
Community
- Address950 N Louise Street Glendale CA
- Area627 – Rossmoyne & Verdu Woodlands
- CityGlendale
- CountyLos Angeles
- Zip Code91207
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Courtesy of Andy Anubhav Kawatra. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
950 N Louise Street
Glendale, CA
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