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Listed by Levon Alexanian, DRE #00911091 • Keller Williams World Media Center
$4,600,000
Est. payment /mo
0.27 Acres Lot
Pending
332 W Lomita AVE Glendale, CA 91204
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Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CNSR23040512
Year Built 1964
Lot Size 0.275 Acres
Source CRISNet
Property Description
We are pleased to be retained as the exclusive listing agent & advisor for this rare opportunity to reposition in Glendale. Due to the long-term ownership relationship, rents have remained at historic levels, leaving approximately 149% upside in rents. 92 Walk Score! The offering very likely represents the highest post-market yield being offered in all of the tri-cities. (10) 1+1, (4) 2+2, and 1 non confirming single, all within walking distance to Galleria, Americana, St Mary's Church, Pacific Park, Pacific Community Center & pool. Under 5 min drive to Glendale Memorial Hospital, 7 miles to downtown L.A. In addition to the upside in rents, there seems to be potential to add (2) ADUs where the pool used to occupy. Buyer to verify. Ownership has recently executed over $20,000 of capital expenses in concrete overlay, partial torch down of roof, new gutters and spouts. There are solar panels on the roof, on-site parking, laundry. *** For financial & complete offering memorandum, contact listing agent ***
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Laundry Laundry Area
Exterior
Pool Community Facility
Building
Water Private
Others
Tax ID 5696012005
Special Listing Condition Not Applicable
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