401 Raymond Avenue

Glendale, CA 91201

  • 27 Bed(s)
  • 0 Bath(s)
  • 13,863 Sqft
  • 16945
    Sqft(Lot)
$4,250,000

Description

401 raymond ave, a 14 unit apartment building located in glendale, a neighborhood in the san fernando valley. built in 1964, the property consists of(3) one-bedroom + one-bathroom units, (10) two-bedroom + one-bathroom units and (1) two-bedroom+ two-bathroom units. the building is 13,863 gross square feet and sits on a 16,940 square foot lot.401 raymond ave is located on a charming, tree-lined street in glendale. there is no shortage of activities to explore in the area. from shopping at the burbank town center or glendale galleria to exploring griffith park and stough canyon, just a few miles away.glendale lies at the eastern end of the san fernando valley, the location provides convenient access to the 134 and 5 freeways, further extending the area's connectivity to the rest of los angeles.401 raymond ave represents a unique value-add opportunity for investors due to the property's location and rental upside. the property offers a initial cap rate of 3.99% with the ability to improve to a6.35% cap rate once units turnover.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48889096

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Property Details

  • Bedroom Information

    • Total Bedrooms : 27

    Bathroom Information

    • Total Baths: 15
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • None
    • Has Heating

  • Building Information

    • Year Built: 1964
    • Building Area Total: 13,863

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.389
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 16945

  • Listing Price Information

    • Original List Price: 4,250,000
    • Listing Contract Date: 2025-03-07

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5625005023

  • Garage and Parking

    • Garage Description: Carport

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 626 - Glendale-Northwest
    • Directions: North on Raymond from Victory
    • Zoning: GLR3YY
    • Source Property Type: Residential Income
    • Area: 626 - Glendale-Northwest

    Building and Construction

    • Property Age: 61
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 13863
    • Levels or Stories: Multi/Split
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BuyOwner last updated this listing 04/08/2025 @ 11:56

  • MLS: 25508487
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 27 bedrooms which is for sale, it has 13,863 sqft, 16,945 sized lot, and 0 parking. are nearby neighborhoods.