Address
401 W Glenoaks Boulevard Glendale, CA
Price
$ 11,690,000
Property Attributes
  • MLS#AR18093012
  • TypeIncome
  • CountyLos Angeles
  • CityGlendale
  • AreaGlendale-Northwest
  • Zip91202
  • Style
  • Price$ 11,690,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage16620
  • Lot Size0.71 Acres
Listing Provided Courtesy Of:
Handoko Chen with GIG Real Estate Inc..
Property Description

PACIFICA GLENDALE is a 40-unit value-add apartment community in the highly-desirable city of Glendale, California. This offering presents a rare opportunity for investor to acquire a well located, non-rent-controlled apartment community with rental upside in one of the strongest sub-markets in the Los Angeles County. The property is a two-story garden style apartment that was built in 1956 and has undergone a partial renovation in the past several years. It is comprised of two buildings with center courtyard and situated on a large 31,005 square feet lot size. It offers an attractive unit mix of eight (8) x 1 bedroom + 1 bathroom and thirty two (32) x studio units. Each unit is separately metered for electricity. It has many amenities such as an enclosed/private pool area with a sundeck, barbecue area in the back, bike rack, security cameras, intercom and gated entrance, and two laundry facilities. It has 42 assigned open spaces parking in the front. The 2 extra parking spaces could be rented out for additional parking income. Pacifica’s unit mix is very advantageous as it serves a niche market compared to other apartments in the area. Because of the significant upward movement in rental rates due to many luxury units completed in the past 24 months, Pacifica Glendale provides tenants with amenity rich apartment at a more affordable rate compared to nearby luxury communities.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
4/23/2018 Listed $11,690,000

General Features

Attached Structure Attached
Community Features Suburban, Urban
HOA Fee 0.00
Levels Two
Listagentstatelicense 01749321
Listing Agent Handoko Chen - BRE#01749321
MLS Area 626 - Glendale-Northwest
Number of Units Leased 40
Price Per Square Foot 703.37
Property Attached Y/N 1
Special Listing Conditions Standard
Total Units 40
Utilities See Remarks, Sewer Connected, Water Connected
Zoning GLR4YY

Interior Features

Air Conditioning Y/N 1
Average1bedareaunits Square Feet
Average2bedareaunits Square Feet
Average3bedareaunits Square Feet
Averagestudioareaunits Square Feet
Common Walls 2+ Common Walls
Cooling See Remarks
Fireplace Features None
Heating See Remarks
Heating Y/N 1
Laundry Features Area
Laundry Y/N 1
Number of Wall ACs 40
Numberwithdisposal 40
Numberwithrange 40
Total Stories 2

Exterior Features

Building Area Total 16620.00
Carport Spaces 0.00
Garage Spaces 0.00
Lot Features Level with Street, Lot 20000-39999 Sqft
Lot Size Source Assessor
Lot Size Square Feet 31030.00
Lotsizeunits Square Feet
Number of Buildings 2
Number of Separate Electric Meters 40
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Parking Features Assigned
Parking Y/N 1
Pool Features Community Pool, Fenced, In Ground
Total Parking 42.00
Uncoveredspaces 42.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91202

Price
AVG $7.22M
$11.69M
Visits
AVG 48
98
Year Built
AVG 1946
1956

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