331 Mchenry Road

    Glendale, CA 91206
    • $1,600,000
    • STATUS: Closed
    • ON SITE: 190 days
    • ID#: 318000270
    Sold - 05/22/2018
    $1,600,000
    SOLD - 05/22/2018
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,018
      SQFT
    • $319
      $/SQFT
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Classic apartment investment opportunities don't come on the market in Glendale very often. Its been almost 50 years for this building! Five units: two 3 bedroom/2 bath and three 2 bedroom/1 bath units. Some very long term tenants, some more recent. These great tenants have been rewarded with current below market rents. Laundry room on site. Parking on site. It doesn't get much better than to have an opportunity to make a high-quality investment with this much upside potential.

    Sold by Armen Aroyan of Select Real Estate Services,In.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T14:33:35.557. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.teamforss.com/homes/80573481

    331 Mchenry Road Glendale, CA 91206

    • Price: $1,850,000
    • Status: Closed
    • Updated: 50 min ago
    • ID#: 318000270
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    5,018
    SQFT
    $319
    $/SQFT
    1963
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    Classic apartment investment opportunities don't come on the market in Glendale very often. Its been almost 50 years for this building! Five units: two 3 bedroom/2 bath and three 2 bedroom/1 bath units. Some very long term tenants, some more recent. These great tenants have been rewarded with current below market rents. Laundry room on site. Parking on site. It doesn't get much better than to have an opportunity to make a high-quality investment with this much upside potential.
    Exterior Features

    Carport Spaces 5.00 Foundation Details See Remarks Garage Spaces 0.00 Lot Features Cul-De-Sac Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport AttachedSide By Side Parking Total 5.00 Parking YN Yes Pool Private YN No Roof Composition Spa YN No View YN No

    Interior Features

    Appliances Dishwasher Appliances YN Yes Average Studio Area 0 Average1 Bed Area 0 Average2 Bed Area 0 Average3 Bed Area 0 Fireplace YN No Flooring CarpetSee Remarks Laundry Features Community Levels Two

    Property Features

    Association YN No Cable Tv Expense 0.00 Cap Rate 0.00 Country Us Electric Expense 0.00 Fuel Expense 872.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Income 0.00 Gross Multiplier 0.00 Gross Operating Income 0.00 Gross Scheduled Income 0.00 Gross Spendable Income 0.00 Improvements Amount 111937 Improvements Percent 75.00 Insurance Expense 3885.00 Land Lease Amount 0.00 Land Lease Amount Frequency Monthly Land Value 0 Land Value Percent 0.00 Laundry Income 1251.00 Laundry YN Yes Licenses Expense 0.00 Maintenance Expense 7725.00 Maintenance Percent 0.00 Net Operating Income 0.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 5 Number Wall AC 0 Number With Carpet 0 Number With Dishwasher 0 Number With Disposal 0 Number With Drapes 0 Number With Patio 0 Number With Range 0 Number With Refrigerator 0 Operating Expense 0.00 Operating Expense Percent 0.00 Other Expense 0.00 Other Income1 0.00 Other Income2 0.00 Personal Property Amount 0 Personal Property Percent 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 6858.00 Security Expense 0.00 Sold Cap Rate 0.00 Special Listing Conditions Standard Supplies Expense 0.00 Tax Rate 0.00 Taxes Percent 0.00 Tenant Pays ElectricityCable TvGas Total Actual Rent 0.00 Total Expenses 0.00 Trash Expense 2320.00 Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Walk Score 0 Water Sewer Expense 5903.00 Water Source Public Workmans Compensation Expense 0.00 Zoning Glr4yy

    Listing provided courtesy of Harry Hull of Hull Homes.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T14:33:35.557. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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