Donald Hinton
This listing was posted on RealtyWW.
$1,199,000
Vine St, Glendale, Home For Sale
Price:
$1,199,000
BR/BA:
8 BR, 9 BA
Location:
350 Vine St, Glendale, CA
Description:
Value Add 5 unit apartment building located in the heart of Glendale in close proximity to the Galleria and Americana. This is a trust sale and the property is being sold in its as-is condition with long term tenants in place and has been priced accordingly. Current rents are approximately 35% of market rents. Drive by only. Do not enter the property or disturb the tenants. Make all offers subject to inspection.The property has significant upside for a buyer with the experience to manage and renovate the property.There are four 2 bedroom 1.5 bath units and one 1 bedroom 1 bath unit. Market rents after renovation are estimated at $2, 750/ month each for the 2 bedroom units and $1, 750/ month for the one bedroom unit and the stabilized value could be in the range of $2, 000, 000 which is approximately $400, 000/unit and $430/SF using a gross income multiplier of 13. Buyer is advised to conduct their own due diligence with regard to future market rents and value. Buyer should familiarize themselves with State of California AB 1482 and the City of Glendale Rental Rights Program and other laws related to rental increases and relocation assistance. Roll up your sleeves, get to work and create value.For more details: https://realtyww.info/homes_glendale-d523985/for-sale_i73640624
Property Type:
Single-Family Houses
Posted:
July 3 on RealtyWW
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More About this Listing: Vine St, Glendale, Home For Sale
Vine St, Glendale, Home For Sale is a Eight Bedroom 9 Bathroom Single-Family Homes for Sale at 350 Vine St in Glendale CA. Find other listings like Vine St, Glendale, Home For Sale and listings near 350 Vine St by searching Oodle Classifieds for Eight Bedroom 9 Bathroom Single-Family Homes for Sale in Glendale CA.
Vine St, Glendale, Home For Sale is a Eight Bedroom 9 Bathroom Single-Family Homes for Sale at 350 Vine St in Glendale CA. Find other listings like Vine St, Glendale, Home For Sale and listings near 350 Vine St by searching Oodle Classifieds for Eight Bedroom 9 Bathroom Single-Family Homes for Sale in Glendale CA.