1055 Grover Avenue

Glendale, CA 91201
$3,000,000
Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area. Pride of ownership, Owns for about 50 years. Due to this long term ownership relationship with great tenants, the current rents have remained very low, leaving about 80% upside in rents Current rentsRead MoreRead Less
Property listed by Markarian Realty, Vartan Markarian [email protected]
Listing Snapshot
Days Online
5
Last Updated
May 17, 2024
Property Type
Apartment
Lot Size
0.18 Acres
Year Built
1962
MLS Number
GD24047499
30 Days Snapshot Of 91201
$1.18M
-9%
(avg) sold price
5
+25%
homes sold
44
+83%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1962, Building area total: 7,211, 1 building, Architectural style: , Attached, Common walls: Item1CommonWall
Community
Curbs
Cooling
WallWindowUnits
Expenses
Fuel expense: $3,120, Insurance expense: $3,000, Operating expense: $10,320, Trash expense: $3,960, Water sewer expense: $1,800
Fireplaces
SeeRemarks
Garage
13 spaces
Heating
WallFurnace
Income
Gross income: $151,380, Net operating income: $120,000
Laundry
CommonArea
Lot
0.1777 acres, 7,741 square feet, Size: 7,741, Yard
Parking
13 totals parking
Pool
None
Property
Zoning: GLR4YY
Roof
Flat
Sewer
PublicSewer
Tenant Pays
Electricity, Gas
Utilities
Standard
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Kris Cowen
Principle Broker
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Based on information from California Regional Multiple Listing Service, Inc. as of May 17, 2024 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.