#SB18033081
| 3989 sq ft | 2 Bedroom | 1 Bathroom |
We are pleased to present 517 Vine Street. A 4 unit investment opportunity located in the non-rent control City of Glendale, CA. The building was built in 1928 and consists of 3,989 square feet of living space. This property features 4 – 2BR+1BA units, which include large living areas, formal dining rooms and separate utility areas with washer/dryer hookups. All units have been tastefully updated and all are individually metered for both gas and electricity. All of the units are spacious and well maintained & include a single car garage, 4 in Total. Incoming rents are as follows: 517 – $1855, 517 ½ – $1795, 519 – 1922.50, 519 ½ – $1795. This building is performing at an attractive 5% cap rate and still has the potential for improvement as the median rent in the area is $2200!
Additional Details
- YEAR BUILT: 1928
- ACRES: 0.1438
- LOT DIMENSION: 6264
- PARKING SPACE: 4
- # OF UNITS: 4 UNITS - 2 BEDROOM/2BATH
- LAUNDRY: INDIVIDUAL ROOM