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618 Glenwood Road
Glendale, CA 91202


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Property Remarks

We are pleased to be retained as exclusive listing agents for the Glenwood Apartments, 12 units in non- rent controlled Glendale, California. The Glenwood Apartments are a very well maintained asset boasting an extensive list of capital improvements over the years. Detailed upgrades list in offering memorandum. Built in 1961. Offered already at in place CAP rate of 3.85%. Glendale has historically low vacancy factor in this supply constrained asset class. Situated North of Glenoaks Blvd, Glenwoodis in prime location of town. Walking distance to Elementary, Middle and High Schools. Tenants are within a couple minutes to Downtown Glendale shops and services. With the excellent location, The Glenwood Apartments offer stabilized asset and appealing long term investment opportunity. ** Contact us for complete Offering Memorandum **

Property Details

MLS#
SR18030230
Days on Market
15
Year Built
1961
Building/Living Area (sq ft)
10,106
Source of Lot Size
Public Records

Location

State
CA
County
Los Angeles
Area
Glendale-Northwest (626)

Presented By:

Listing provided courtesy of Levon Alexanian , Keller Williams World Media Ce


Exterior

Lot Acreage
0
Paved
No
Waterfront
No

Pool
No Pool

Interior

Laundry
Laundry Area

Additional Property Details

Number of Units
12
Number of Buildings
1
Total Expense
$80,018
ADA Compliance
No

Lot Description
Curbs
Gutters
Sidewalks
Storm Drains
Street Lighting
Water
Water District
Public

Glendale

One of the biggest cities within Los Angeles County, Glendale is an entity unto itself attracting big business, high-end shopping and a vibrant and active community.

Real Estate: Originally built out as a bedroom community with many single-family residences, Glendale real estate has expanded to include many condo and townhome developments. Neighborhoods include Adams Hill, Moorpark, Glenoaks Canyon, and Rossmoyne. Houses for sale here range from traditional Spanish and Craftsman to newer modern architecture.

Community Life: Glendale has many big city attractions. Americana at Brand offers world-class shopping and fine-dining in a luxurious outdoor setting. The retail experience goes on at the nearby Glendale Galleria and all along Brand Boulevard which is also home to the historic Alex Theater.

Education: This area is served by the Glendale Unified School District. Local elementary schools include Balboa Elementary, Cerritos Elementary, Horace Mann Elementary, and John Muir Elementary. There are three public middle schools in Glendale and two high schools as well as a continuing education high school and a home independent study program. Glendale Community College has a college-credit enrollment of about 25,000 day and evening students, and approximately 10,000 others are reached through the adult education program.

Transportation: Glendale is easily accessed by the 134, 2, and 5 Freeways. The Glendale Beeline offers transportation throughout the city. The Larry Zarian Transportation Center is an Amtrak and Metrolink rail station.

Local Attractions: Forest Lawn Memorial Park is a draw for being the resting place of many celebrities including Michael Jackson and it also features an art museum. Beautiful Brand Park includes the Brand Library &Art Center.

Community Explorer

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