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$10,800,000
Est. payment /mo
46 Beds
46 Baths
25,480 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 25,480 sqft
Price per Sqft $423
MLS Listing ID 26667623
Bedrooms 46
HOA Y/N No
Year Built 1987
Lot Size 0.552 Acres
Property Description
We are pleased to present 1818-1826 Vassar Street, a rare opportunity to acquire a fully stabilized 31-unit apartment building in Glendale. Built in 1987, the property totals 25,480 SF multi-story building on a 23,990 SF lot zoned and features 16 one-bedroom/1-bath units and 15 two-bedroom/1.5-bath units, with 50 covered parking spaces in a fully sprinklered below-grade garage. Individually metered for gas and electricity, master-metered for water, and fully secured with intercom access, the building also offers on-site laundry and excellent curb appeal. This asset provides immediate cash flow and offers significant value-add potential. Investors can enhance rents in compliance with AB 1482, implement capital improvements, and maximize returns in a market with no local rent control. With its strong unit mix, ample parking, and turnkey condition, this property is ideal for long-term investors or value-add strategies in Glendale, a city considered one of the leading most desirable neighborhoods of the area. This property is centrally located and within a short drive to The Americana at Brand & the vibrant Atwater Village Shopping/Retail Corridor. **Property Video link is provided. Do not contact tenants or the on-site manager. Contact listing agents for full details and to schedule a private showing. Excellent 1031 Exchange potential for an exceptional investment opportunity act now!
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR4*
Interior
Fireplace No
Laundry Common Area
Exterior
Total Parking Spaces 52
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Schools
School District Glendale Unified
Others
Senior Community No
Tax ID 5640037037
Special Listing Condition Standard
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Listed by Shant Sherbetdjian Remax Commercial and Investment Realty #01713570
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