208 E Lomita Ave

$4,400,000, 20 Baths 9,832 Sqft

About This Property

We are pleased to announce the sale of 208 E Lomita Avenue, a 20-unit multifamily property located in a prime pocket of Glendale, CA, just two blocks from the upscale Americana at Brand shopping center. Offered at the lowest price per unit of any currently available Glendale property, this listing presents an excellent opportunity to enter the highly-desirable submarket at an attractive per unit metric.The opportunity remains for a new owner to add value through interior improvements, which could help to increase rents above their current level. Several of the units have been remodeled with new wood flooring, upgraded kitchens, and updated bathrooms, effectively providing a blueprint for the new owner to follow for the remainder of the property. The four individual parking garages on-site provide an additional $425 in monthly income, while the on-site laundry facilities add yet another income stream to the investment.

Essential Information

MLS® #19425314
Price$4,400,000
Bathrooms20.00
Square Footage9,832
Acres0.00
Year Built1924
TypeResidential Income
Sub-TypeApartment Building
StatusActive

Community Information

Address208 E Lomita Ave
CityGlendale
CountyLos Angeles
StateCA
Zip Code91205

Area

Glendale-South of 134 Fwy (628)

Amenities

Parking Spaces9
ParkingGarage

Interior

Interior FeaturesOther
HeatingOther
CoolingAir Conditioning
# of Stories2

Additional Information

Date ListedJanuary 17th, 2019
Days on Market249
ZoningGLR4YY
HOA Fees0.00

Listing Details

OfficeMarcus & Millichap

Agent

Roderick 'rick' Raymundo(01357019)

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