950 N Louise Street
Glendale, CA, 91207
$9,950,000
Beds
0 Baths
SqFt
0.39 Acres
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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:
Active
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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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

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950 N Louise Street
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