950 Louise Street, Glendale, CA 91207
  • MLS#: 24416677 ( )
  • Street Address: 950 Louise Street
  • Viewed: 2
  • Price: $9,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1967
  • Bldg sqft: 0
  • Days On Market: 126
  • Additional Information
  • County: LOS ANGELES
  • City: Glendale
  • Zipcode: 91207
  • Provided by: Andy Anubhav Kawatra
  • Contact: Andy Anubhav Andy Anubhav
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    A truly unique and rare opportunity to purchase a twenty five (25) unit apartment building located in prime Glendale, resting in the hills above Glenoaks. Originally constructed in 1967, the property features one building with three floors. The property features large and spacious units with an average size of 1,388 square feet and a unit mix of twenty one (21) 2 bedroom 2 bathroom units, three (3) 3 bedroom 2 bathroom units, and one (1) 1 bedroom 1 bathroom non conforming unit. Each unit comes with a storage locker (located in the laundry room), one assigned parking space (select units have 2 spaces, and a private patio/balcony. Landlord pays electrical utility bill for the for the common AC System. Each unit has its own thermostat and coil system. The laundry machines are owned. Seventeen (17) units have been upgraded over the years with hardwood floors and granite countertops. Common area amenities included secured parking and on site coin operated laundry facilities, common A/C Tower with Chiller and common boiler. Units are separately metered for electricity, and do not feature gas. The only gas portion of the building is for the boiler. Ownership has spent over $1,000,000 on capital improvements.
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Features
Appliances
  1. Dishwasher
  2. Microwave
Building Area Total
  1. 34700.00
Cooling
  1. Central Air
Country
  1. US
Heating
  1. Central
Levels
  1. Multi/Split
Netoperatingincome
  1. 483912.00
Parcel Number
  1. 5644015064
Parking Features
  1. Assigned
  2. Controlled Entrance
Security Features
  1. Card/Code Access
Sourcesystemkey
  1. 24-416677:CLAW
Totalexpenses
  1. 289508.00
Year Built
  1. 1967
Zoning
  1. R1250