1243 E STANLEY Avenue, Glendale CA, 91206

Sold

1243 E STANLEY Avenue

Glendale CA, 91206

$10,475,000

$387.96 per sqft

Sold

27,000 sqft

Residential

Built in 1986

Listed by Kristy Elaine with Beitler Commercial Realty Serv 310-880-2404

This sprawling Spanish Villa style property is comprised of 33 Apartment Homes. This immaculately maintained trophy asset is located in the coveted Southern California community of Glendale. Flanked by lush landscaping, it exemplifies a sense of serenity and privacy within the access controlled campus like setting. This non rent controlled property was constructed by the seller in 1986 and features an excellent unit mix: 12 - 1 Bedroom + 1 Bathroom units, 18 - 2 Bedroom + 2 Bathroom units, and 3 - 2 Bedroom + 2 Bathroom Town home units. Rents are approximately 20% below market, which could provide investors with a significant re-positioning opportunity. Pro forma cap rate is 4.62% and Pro forma GRM is 14.27. Please drive by only. Do not walk on the property grounds, or disturb tenants. We are showing this asset with an accepted offer only. All submitted offers should be accompanied by proof of funds.

15953885

MLSⓇ ID

March 18, 2024

Updated

Map

1243 E STANLEY Avenue
Glendale CA, 91206

Interior Features

Total Stories: 2
Laundry Description: Common Area, See Remarks
Fireplace: No
Cooling: Yes
Cooling Description: Central Air
Heating: No

Exterior/Building Features

Lot Size: 0.57 Acres

Other Property Details

Area Name: 628 - Glendale-South of 134 Fwy
Days on Market: 27
Garage: No
Parking: Underground
Parking Total: 55
View: No
County: Los Angeles
Pool: No
Zoning: GLR4*

Listing Contact: 310-820-2955

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/18/2024 at 6:52 PM UTC