501 Alexander Street

    Glendale, CA 91203
    • $2,500,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: SB19213883
    UPDATED: 114 min ago
    $2,500,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,084
      SQFT
    • $411
      $/SQFT
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    7-UNIT INCOME PROPERTY FOR THE SAVVY INVESTOR Located in the very desirable city of Glendale, this 7-unit property is ideally situated within close proximity to shopping and transportation. It is very accessible from the 134 and 5 freeways. Public transportation stops are within walking distance.The unit mix is six 2-bedroom 1-bath and one 1-bedroom 1-bath units. The building is fully rented. Five of the seven units have been completely renovated while the other two were partially done. Majority of the exterior light fixtures have been upgraded to LED. The building has been freshly painted. Efficient double-pane vinyl windows were recently installed on the front of the upstairs units.Tenants appreciate all the features and conveniences offered by 501 Alexander, It is a stable income-producing asset with upside potential. This makes it an excellent addition to a savvy investor+GGs portfolio.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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/98748527

    501 Alexander Street Glendale, CA 91203

    • Price: $2,500,000
    • Status: Active
    • Updated: 114 min ago
    • ID#: SB19213883
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,084
    SQFT
    $411
    $/SQFT
    1963
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    7-UNIT INCOME PROPERTY FOR THE SAVVY INVESTOR Located in the very desirable city of Glendale, this 7-unit property is ideally situated within close proximity to shopping and transportation. It is very accessible from the 134 and 5 freeways. Public transportation stops are within walking distance.The unit mix is six 2-bedroom 1-bath and one 1-bedroom 1-bath units. The building is fully rented. Five of the seven units have been completely renovated while the other two were partially done. Majority of the exterior light fixtures have been upgraded to LED. The building has been freshly painted. Efficient double-pane vinyl windows were recently installed on the front of the upstairs units.Tenants appreciate all the features and conveniences offered by 501 Alexander, It is a stable income-producing asset with upside potential. This makes it an excellent addition to a savvy investor+GGs portfolio.
    Exterior Features

    Architectural Style Traditional Carport Spaces 7.00 Construction Materials Drywall WallsFrameStucco Fence YN Yes Fencing BlockFair Condition Foundation Details Slab Garage Spaces 0.00 Lot Features LandscapedLevel With StreetPaved Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 12.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Common RoofCompositionTile Spa Features None Spa YN No View Mountain(S) View YN Yes

    Interior Features

    Appliances DisposalGas RangeRange Hood Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 683 Average1 Bed Area Units Square Feet Average2 Bed Area 877 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S)Electric Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate Heating Wall FurnaceNatural Gas Heating YN Yes Interior Features 2 StaircasesFormica CountersOpen Floorplan Laundry Features CommunityIndividual Room Levels Two Room Type Living Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalksSuburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 1364.00 Gross Income 148200.00 Gross Scheduled Income 148200.00 Insurance Expense 1779.00 Land Lease YN No Laundry YN Yes Net Operating Income 103051.00 New Construction YN No New Taxes Expense 31250.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 7 Number Wall AC 7 Number With Disposal 7 Number With Patio 4 Number With Range 7 Operating Expense 48749.00 Other Expense 539.00 Other Expense Description Pest Ctl Professional Management Expense 4700.00 Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 3616.00 Tenant Pays ElectricityGas Total Actual Rent 148200.00 Total Expenses 48749.00 Trash Expense 1005.00 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Water Sewer Expense 4496.00 Water Source Public Year Built Source Assessor Zoning Glr4yy

    Listing provided courtesy of Gary Legaspi of Ay Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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