500 W Wilson Avenue

    Glendale, CA 91203
    • $1,495,000
    • STATUS: Active
    • ON SITE: 90 days
    • ID#: 20557720
    UPDATED: 57 min ago
    $1,495,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1914
    County:

    School Ratings & Info

    Description

    Featuring a charming fourplex and a standalone cottage on the same corner parcel, the property contains spacious, remodeled one bedroom floorplans. Tenants enjoy the property's combination of vintage character, with its walk-in closets and built-in cabinets, and its modern improvements, including stainless steel appliances and in-unit washer/dryers.The property has benefitted from several recent upgrades, including copper plumbing, new windows, granite countertops, decorative kitchen backsplashes, new kitchen cabinets, completely remodeled bathrooms, and new landscaping. Thanks to these improvements, there is very little deferred maintenance remaining (Buyer to verify) allowing a new owner to minimize costs while enjoying the asset's attracttive 4.70% CAP Rate.Situated on the corner of Wilson Avenue and Pacific Avenue, the building benefits from high visibility and convenient access to the 5 and 134 Freeways.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-25T23:24:50.733. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/103515562

    500 W Wilson Avenue Glendale, CA 91203

    • Price: $1,495,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 20557720
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1914
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    Featuring a charming fourplex and a standalone cottage on the same corner parcel, the property contains spacious, remodeled one bedroom floorplans. Tenants enjoy the property's combination of vintage character, with its walk-in closets and built-in cabinets, and its modern improvements, including stainless steel appliances and in-unit washer/dryers.The property has benefitted from several recent upgrades, including copper plumbing, new windows, granite countertops, decorative kitchen backsplashes, new kitchen cabinets, completely remodeled bathrooms, and new landscaping. Thanks to these improvements, there is very little deferred maintenance remaining (Buyer to verify) allowing a new owner to minimize costs while enjoying the asset's attracttive 4.70% CAP Rate.Situated on the corner of Wilson Avenue and Pacific Avenue, the building benefits from high visibility and convenient access to the 5 and 134 Freeways.
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Property Features

    Gross Income 103050.00 Gross Multiplier 14.07 Gross Operating Income 105720.00 Net Operating Income 70312.00 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0.00 Zoning Glr4yy

    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-25T23:24:50.733. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

     
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    Covina CA, 91723