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$3,795,000
Est. payment /mo
3 Beds
3 Baths
9,741 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26036893
Bedrooms 3
Lot Size 9,741 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
The Wilson West Apartment presents a rare opportunity to acquire a well-maintained multifamily asset in the heart of Downtown Glendale, just steps from The Americana at Brand, Glendale Galleria, and premier dining and retail amenities. The property features a highly desirable unit mix of three spacious 2-bedroom/2-bath units and six large 1-bedroom/1-bath units, with each unit averaging approximately 900 square feet, offering tenants generous layouts rarely found in comparable properties. Most units have been recently upgraded, providing strong in-place income with additional long-term upside potential. The building has been thoughtfully maintained and improved, including a newer roof, all copper plumbing, and a new main sewer line, minimizing deferred maintenance and future capital expenditures. With a current gross monthly income of $22,488, the property offers investors stable cash flow, operational efficiency, and long-term appreciation potential in one of Los Angeles Countys strongest rental submarkets. Offered at a 14.06 GRM and 5.31% cap rate, this asset combines prime location, strong income, and low-maintenance ownership in a premier Glendale location
Location
State CA
County Los Angeles
Zoning Assessor
Direction off of central
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5637009020
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by David Nalbandyan, DRE#01869296 LA Premier Realty
Nearby School & Business
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