125 Fairview Avenue, Glendale, CA 91207
  • MLS#: SR25094328 ( Apartment )
  • Street Address: 125 Fairview Avenue
  • Viewed: 3
  • Price: $4,275,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 0
  • Days On Market: 29
  • Additional Information
  • County: LOS ANGELES
  • City: Glendale
  • Zipcode: 91207
  • Provided by: Keller Williams World Media Center
  • Contact: Levon Levon
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    The building was built in 1986 with great floorplan of 10,295 sq ft over subterranean parking. The asset incorporates Central AC, gated access control and parking, and private balconies. A remarkable unit mix of (1) 3+2.5 approx 1,600 sq ft townhouse style unit with washer dryer inside the unit, and the remaining (8) units are all 2+2 with spacious floor plans. There is a significant rental upside due to the location, size and quality of the offering. Rarely is there turnover, the area feels like a historical vacancy proof pocket. The current ownership has done a great job of managing the asset, recently replacing the roof, replacing all 9 AC units, replacing the garage gate along with motor and sensors and currently upgrading the intercom system to a Akuvox X912 with a C313W 2 in apartment touch screen audio and video display. Situated in the most sought after part of Glendale, the 91207 zip code median home price is $1,800,000. Tenants enjoy the ability to walk to Trader Joes Coffee Bean, Walgreens in addition to a plethora local shops, cafes, eateries and services. 1 block away is the posh Mya rooftop restaurant and lounge which over looks the citys skyline. There are also several school options within walking distance as well. Brand Boulevard, the cross street named after the citys founder, is a host to major cooperate headquarters like New York Life & Service Titan along with others who employee several thousands. 1 mile from the subject property, tenants are at one of Los Angeless premier dining & shopping destinations, the Americana at Brand. Brand Boulevard has seen a major transformation since the inception of the Americana with a plethora of nightlife and entertainment. Well maintained, this ease of management asset will be a trophy in any investment portfolio.
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Features
Building Area Total
  1. 10295.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Country
  1. US
Days On Market
  1. 10
Electric Expense
  1. 0.00
Entry Location
  1. street
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Common Area
Levels
  1. One
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 205344.00
Number Of Separate Electric Meters
  1. 10
Number Of Separate Gas Meters
  1. 10
Parcel Number
  1. 5644011008
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Private Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 437472241:CRM
Totalexpenses
  1. 73603.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Private
Year Built
  1. 1986
Year Built Source
  1. Assessor
Zoning
  1. GLR4YY