Active
1062 Raymond Avenue
Glendale CA, 91201
$8,950,000
$553.53 per sqft
Active
32 Beds
32 Baths
16,169 sqft
Residential
Built in 1987
Listed by David Saghian with Kidder Mathews of California, Inc. 818-231-5540
1060 Raymond Ave, Glendale, CA 91201, is a 20-unit multifamily property consisting of 1 three-bedroom/two-bath, 11 two-bedroom/two-bath, 7 one-bedroom/one-bath, and 1 studio unit, totaling 16,169 square feet. Built in 1987, the property falls under AB1482 rent control legislation and offers 22% upside in rents. Located in a highly walkable Glendale neighborhood with easy access to major freeways, retail, and dining, the property enjoys strong occupancy and demand. With diverse unit offerings and significant potential for rental growth, this asset presents a prime investment opportunity in a thriving Los Angeles submarket.
24441075
MLSⓇ ID
September 17, 2024
Listed
October 17, 2024
Updated
Map
1062 Raymond Avenue
Glendale CA, 91201
Interior Features
Total Stories
2
Bedrooms
32
Total Bathrooms
32
Appliances
Dishwasher, Microwave, Refrigerator
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.34 Acres
Other Property Details
Area Name
626 - Glendale-Northwest
Days on Market
8
Garage
Yes
Parking
Attached Carport, Underground
Parking Total
34
View
No
County
Los Angeles
Pool
No
Zoning
GLR4YY
Listing Contact: 858-369-3010
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/17/2024 at 1:18 PM UTC