1133 Alameda Avenue

Glendale, CA 91201

  • 16 Bed(s)
  • 0 Bath(s)
  • 7,704 Sqft
  • 7208
    Sqft(Lot)
$3,195,000

Description

In a market where much of the income property inventory consists of neglected buildings requiring significant capital improvements, 1133 alameda stands out as a turnkey investment opportunity that combines immediate cash flow with strong growth potential. built in 1986 by the parents of the current owners, this well-maintained property offers stability today while allowing for rent increases in the future. located north of glenoaks boulevard near the burbank border, residents of the building enjoy a highly desirable prime location minutes from the studios, restaurants, shops, brand park and the americana at brand. the property consists of eight two-bedroom, two-bath units, each featuring an en-suite primary bedroom, central air and heating, and individual hot water heaters. many units have been upgraded with vinyl wood flooring, modern kitchen countertops and appliances, and refreshed bathrooms. the upper units provide treetop city views, with two of them offering private balconies, adding to their appeal for tenants. two separate covered garage areas provide 12 side-by-side parking spaces and storage for each unit. a coin operated laundry room contributes $1200 a year in additional cash flow. recent improvements ensure the property's long-term value. all eight units had their central air conditioning systems replaced in 2020. in 2023, the roof was upgraded with a durable rubber coating, new fire alarm pull stations were installed, and security cameras were added for enhanced safety. with an average rent of $2,217 per unit, there is substantial room for rental growth, as comparable units in the area command approximately $2,600. 1133 alameda is an investment that delivers immediate returns today while offering the potential for increased profitability in the years to come. this property is a rare opportunity to acquire a high-quality asset in a competitive market.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Contemporary

  • AD ID

    48425418

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Property Details

  • Bedroom Information

    • Total Bedrooms : 16

    Bathroom Information

    • Total Baths: 16
    • Full Baths: 0
    • Half Baths: 0

    Water/Sewer

    • Sewer : Other

    Interior Features

    • Roof : Composition
    • Property Appliances: Dishwasher,Gas Cooktop,Gas Oven
    • Flooring: Carpet,Laminate

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1986
    • Building Area Total: 7,704
    • Construction: Stucco
    • Roof: Composition

    Security Features

    • Gated Community

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1655
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 7208

  • Listing Price Information

    • Original List Price: 3,195,000
    • Listing Contract Date: 2025-01-24

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5621028032

  • Garage and Parking

    • Garage Description: Attached Carport,Covered,Community Structure
    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 626 - Glendale-Northwest
    • Directions: North of Glenoaks
    • Zoning: GLR4*
    • Source Property Type: Residential Income
    • Area: 626 - Glendale-Northwest

    Building and Construction

    • Property Age: 39
    • Property Condition: Updated/Remodeled
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 7704
    • Entry Level: 2
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 02/01/2025 @ 13:06

  • MLS: 25488101
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 16 bedrooms which is for sale, it has 7,704 sqft, 7,208 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Glendale , in zip code 91201, this Los Angeles County Home are nearby neighborhoods.