3221 Altura Ave

Glendale, CA 91214 Active for $10,000,000


Beds: 59  Baths: 38  Structure Size: 27,080 sqft  Lot Size: 36,716 sqft



Property Facts
MLS 319000990
Year Built 1964
Property Type MultiFamily
County Los Angeles
Status Active
Active $10,000,000
Structure Size 27,080 sqft
Lot Size 36,716 sqft
Beds 59
Baths 38

Description

Amazing opportunity to own a gem in Glendale/La Crescenta area walking distance to Lincoln Elementary and Crescenta Valley High school. This building was constructed in 1964 and consists of two buildings, i.e. a 15 unit and a 14 unit, on the same lot. There are (19) 2+1, (6) 2+2 and (3) 3+2, (1) 0+1 NC units on a 36,716 SQFT lot in a 27,080 Sqft improvement. Five of 2+1 units are extra-large and command higher rents. The windows have been replaced with energy-efficient Vinyl ones and the roof is also a few years old. There is a beautiful swimming pool servicing the valued tenants with a family and barbeque area In the rear. There are ample parking for all of the residents on the grounds, either tuck under or surface parking. The property has a historically high occupancy rate and a new owner can take over and achieve an above market return for the city of Glendale by enhancing use intensity, and continued improvement and modernization.

Listing information courtesy of: George Yessaie, JohnHart Real Estate *Based on information from the Association of REALTORS/Multiple Listing as of 03/19/2019 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.


Location


Similar Listings Nearby