950 N Louise ST Active

Glendale,CA 91207

$ 9950000

52 Beds

49 Baths

34700 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 34,700 sqft

Price per Sqft $286

MLS Listing ID 24416677

Bedrooms 52

HOA Y/N No

Year Built 1967

Lot Size 0.391 Acres

Acres 0.3911

Property Description

A truly unique and rare opportunity to purchase a twenty-five (25) unit apartment building located in prime Glendale, resting in the hills above Glenoaks. Originally constructed in 1967, the property features one building with three floors. The property features large and spacious units with an average size of 1,388 square feet and a unit mix of twenty-one (21) 2 bedroom 2 bathroom units, three (3) 3 bedroom 2 bathroom units, and one (1) 1 bedroom 1 bathroom non-conforming unit. Each unit comes with a storage locker (located in the laundry room), one assigned parking space (select units have 2 spaces, and a private patio/balcony. Landlord pays electrical utility bill for the for the common AC System. Each unit has its own thermostat and coil system. The laundry machines are owned. Seventeen (17) units have been upgraded over the years with hardwood floors and granite countertops. Common area amenities included secured parking and on-site coin operated laundry facilities, common A/C Tower with Chiller and common boiler. Units are separately metered for electricity, and do not feature gas. The only gas portion of the building is for the boiler. Ownership has spent over $1,000,000 on capital improvements.

Location

State CA

County Los Angeles

Area 627 - Rossmoyne & Verdu Woodlands

Zoning R1250

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher,Microwave

Exterior

Garage Assigned,Controlled Entrance

Parking Type Assigned,Controlled Entrance

Total Parking Spaces 33

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5644015064

Security Features Key Card Entry

Special Listing Condition Standard

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