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1905 VASSAR Street, Glendale, CA 91204

$2,019,000 (Pending)

Number of Units: 7
Type: Multi-Unit Residential
Request Information
PRICE REDUCTION~1905 Vassar Street is a VALUE-ADD Rents as show will be effective January 1, 20187-unit, two-story garden-style apartment community located in Glendale, California, approximately 12 miles north of downtown Los Angeles. Built in 1962, the property is situated on 8,046 square foot lot within a rentable area of 5,527 square feet and is improved with a wood-frame constructed building, featuring a stucco exterior and composite flat roof.The 1905 Vassar Street contains a unit mix of four one-bedroom / one- bath units, one two-bedroom / one-bath, and two two-bedroom / two-bathroom units with an overall average unit size of 789 square feet. The grounds are well maintained and landscaped with grass area.An investor could see a potential increase in rents of approximately +/- 35%. With some minor cosmetic work to the exterior and small upgrades to the interior, an investor could increase the net operating income from $61,464 to $99,288.
Property Features
Location Information
County: Los Angeles
MLS Area: Glendale-South of 134 Fwy
Directions: South of San Fernando Road between Glendale Blvd & Tyburn St.
Interior Features
Laundry: None
Appliances: None
Total Number of Units: 7
Exterior Features
Parking Description: Covered Parking
Lot Size in Acres: 0.185
Approximate Size (Sq. Ft.): 5, 527
Lot Size in Sq. Ft.: 8, 047
Zoning: GLR4YY
Additional Information
Property Type: RI
Year Built: 1962
APN: 5640039002
Status: Pending
HOA Fee: 0
Listing Agent CA BRE #: 1325901
List Date: 2017-09-08 00:00:00.0

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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
This listing is courtesy of: Daniel Withers Matthews Retail Group, Inc. - CA BRE # shown above if in IDX data
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©2018 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 16, 2018 1:28 PM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.