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Zach Cummins

[email protected] +1(360) 393-0217

$ 3,195,000

Est. payment -/mo

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Active Under Contract

1133 Alameda AVE Glendale, CA 91201

16 Beds

16 Baths

7,704 SqFt

UPDATED:

02/03/2025 08:22 PM

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 7,704 sqft

Price per Sqft $414

MLS Listing ID 25488101

Bedrooms 16

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1986

Lot Size 7,209 Sqft

Property Description

In a market where much of the income property inventory consists of neglected buildings requiring significant capital improvements, 1133 Alameda stands out as a turnkey investment opportunity that combines immediate cash flow with strong growth potential. Built in 1986 by the parents of the current owners, this well-maintained property offers stability today while allowing for rent increases in the future. Located north of Glenoaks Boulevard near the Burbank border, residents of the building enjoy a highly desirable prime location minutes from the studios, restaurants, shops, Brand Park and the Americana At Brand. The property consists of eight two-bedroom, two-bath units, each featuring an en-suite primary bedroom, central air and heating, and individual hot water heaters. Many units have been upgraded with vinyl wood flooring, modern kitchen countertops and appliances, and refreshed bathrooms. The upper units provide treetop city views, with two of them offering private balconies, adding to their appeal for tenants. Two separate covered garage areas provide 12 side-by-side parking spaces and storage for each unit. A coin operated laundry room contributes $1200 a year in additional cash flow. Recent improvements ensure the property's long-term value. All eight units had their central air conditioning systems replaced in 2020. In 2023, the roof was upgraded with a durable rubber coating, new fire alarm pull stations were installed, and security cameras were added for enhanced safety. With an average rent of $2,217 per unit, there is substantial room for rental growth, as comparable units in the area command approximately $2,600. 1133 Alameda is an investment that delivers immediate returns today while offering the potential for increased profitability in the years to come. This property is a rare opportunity to acquire a high-quality asset in a competitive market.

Location

State CA

County Los Angeles

Area 626 - Glendale-Northwest

Zoning GLR4*

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Laminate

Fireplace No

Appliance Dishwasher, Gas Cooktop, Gas Oven

Laundry Common Area

Exterior

Parking Features Attached Carport, Covered, Community Structure

Carport Spaces 12

Pool None

Community Features Gated

View Y/N Yes

Roof Type Composition

Attached Garage Yes

Total Parking Spaces 13

Private Pool No

Building

Entry Level Three Or More

Sewer Other

Architectural Style Contemporary

Level or Stories Three Or More

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5621028032

Security Features Gated Community

Special Listing Condition Standard

Listed by David Robles • Real Broker

Zach Cummins

Real Estate Advisor | License ID: DRE 02083898

+1(360) 393-0217

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Zach Cummins

1133 Alameda AVE Glendale, CA 91201

Key Details

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1133 Alameda AVE