730 W Doran Street

    Glendale, CA 91203
    • $12,995,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: SR19218765
    UPDATED: 122 min ago
    $12,995,000
    • 0
      BEDS
    • 0.82
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 30,250
      SQFT
    • $430
      $/SQFT
    Type:
    Multi-Family
    Built:
    2007
    County:

    School Ratings & Info

    Description

    We are pleased to be retained as exclusive advisor for the Doran Lofts, a truly one of a kind asset and offering located in Glendale, CA. Great unit mix of 75% 2 bedrooms and unit sizes ranging from 1,341 to 1,641 sqft. Being offered with an in place 4% CAP, and ease of upside to 4.4% CAP. Furthermore, Doan Lofts was designed, built and individually parceled as condominiums - offering a phenomenal additional exit strategy. The modern luxury asset sits on a signalized corner lot, just shy of an acre. From high grade construction materials to designer selected finishes, this remarkable asset provides an investor a turn-key pride of ownership hold. Rare opportunity to not only penetrate a high barrier to entry market, but also to acquire a trophy asset with great curb appeal & recognition. The over-sized unit sizes and generous outdoor patio/deck spaces, provide a lacking component in most newly constructed assets. Low operating costs due to high grade construction design makes for a truly ease of management asset. Current average rent of $2.04/ per sqft is considerably below other luxury assets in Glendale averaging $3.17 rent per sqft, offering ease of upside. Built in 2007, property is non-rent-controlled.

    Monthly Payment Calculator



    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/98918658

    730 W Doran Street Glendale, CA 91203

    • Price: $12,995,000
    • Status: Active
    • Updated: 122 min ago
    • ID#: SR19218765
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.82
    Acres
    30,250
    SQFT
    $430
    $/SQFT
    2007
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    We are pleased to be retained as exclusive advisor for the Doran Lofts, a truly one of a kind asset and offering located in Glendale, CA. Great unit mix of 75% 2 bedrooms and unit sizes ranging from 1,341 to 1,641 sqft. Being offered with an in place 4% CAP, and ease of upside to 4.4% CAP. Furthermore, Doan Lofts was designed, built and individually parceled as condominiums - offering a phenomenal additional exit strategy. The modern luxury asset sits on a signalized corner lot, just shy of an acre. From high grade construction materials to designer selected finishes, this remarkable asset provides an investor a turn-key pride of ownership hold. Rare opportunity to not only penetrate a high barrier to entry market, but also to acquire a trophy asset with great curb appeal & recognition. The over-sized unit sizes and generous outdoor patio/deck spaces, provide a lacking component in most newly constructed assets. Low operating costs due to high grade construction design makes for a truly ease of management asset. Current average rent of $2.04/ per sqft is considerably below other luxury assets in Glendale averaging $3.17 rent per sqft, offering ease of upside. Built in 2007, property is non-rent-controlled.
    Exterior Features

    Garage Spaces 0.00 Lot Features 16-20 Units/AcreCorner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 46.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features Gas Fireplace YN Yes Heating Central Heating YN Yes Laundry Features Dryer IncludedInsideWasher Included

    Property Features

    Additional Parcels Description 31-49 Additional Parcels YN Yes Building Area Units Square Feet Community Features MountainousSidewalksStorm DrainsStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Scheduled Income 0.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 0.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 20 Number Of Separate Gas Meters 20 Number Of Separate Water Meters 21 Operating Expense 0.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Glr4p*

    Listing provided courtesy of Levon Alexanian of Keller Williams World Media Center


    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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