1818 Vassar Street,Glendale, CA 91204
Glendale, CA 91204
Description
We are pleased to present 1818-1826 Vassar Street, a rare opportunity to acquire a fully stabilized 31-unit apartment building in Glendale. Built in 1987, the property totals 25,480 SF multi-story building on a 23,990 SF lot zoned and features 16 one-bedroom/1-bath units and 15 two-bedroom/1.5-bath units, with 50 covered parking spaces in a fully sprinklered below-grade garage. Individually metered for gas and electricity, master-metered for water, and fully secured with intercom access, the building also offers on-site laundry and excellent curb appeal. This asset provides immediate cash flow and offers significant value-add potential. Investors can enhance rents in compliance with AB 1482, implement capital improvements, and maximize returns in a market with no local rent control. With its strong unit mix, ample parking, and turnkey condition, this property is ideal for long-term investors or value-add strategies in Glendale, a city considered one of the leading most desirable neighborhoods of the area. This property is centrally located and within a short drive to The Americana at Brand & the vibrant Atwater Village Shopping/Retail Corridor. **Property Video link is provided. Do not contact tenants or the on-site manager. Contact listing agents for full details and to schedule a private showing. Excellent 1031 Exchange potential for an exceptional investment opportunity act now!
Details
| MLS # | 26667623 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1987 |
| Days On Site | 164 |
| Listing Provided By | Remax Commercial and Investment Realty | Shant Sherbetdjian |
Features
| Bed(s) | 46 |
|---|---|
| Bath(s) | 46 |
| SQ Feet | 25,480 |
| Story(s) | 2 |
| Units | 31 |
| Building(s) | 1 |
| Zoning | GLR4* |
| Acreage | 0.55 |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Glendale |
| Zip Code | 91204 |
| Area | 628 Glendale South of 134 Fwy |
| Listing VS Median (in 91204) | |
Price: $10,800,000 low | high Med: $2,049,500 sqft: 25,480 low | high Med: 3,749 $ / sqft: $424 low | high Med: $558 On site: 164 low | high Med: 65.5 | |
Market Activity 91204
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Glendale |
| Zip Code | 91204 |
| Area | 628 Glendale South of 134 Fwy |
| Listing VS Median (in 91204) | |
Price: $10,800,000 low | high Med: $2,049,500 sqft: 25,480 low | high Med: 3,749 $ / sqft: $424 low | high Med: $558 On site: 164 low | high Med: 65.5 | |