1060 Raymond Ave | Glendale, CA 91201

Written By Michael Monempour

SALE PRICE: $8,100,000

PRICE/SF: $554                  GRM: 17.47                 CAP RATE: 3.44%

TRANSACTION HIGHLIGHTS

  • DESIRABLE unit mix: One 3BR/2BA, Seven 1BR/1BA, and One studio

  • SIGNIFICANT upside potential: the property has 22% upside in rental income

  • LOCATED in a highly walkable neighborhood of Glendale

  • STABILIZED ASSET: subject to AB1482 rent control

  • STRONG market fundamentals: Glendale multifamily market continues to have low vacancy rates + rising rents

  • AMPLE Square Footage: The building offers 16,169 square feet of rentable space

 
Free Property Valuation
Michael Monempour
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