1062 Raymond Ave, Glendale, CA 91201
- $8,950,000
- 32
- BD
- 32
- BA
- 16,169
- SqFt
Courtesy of Kidder Mathews of California, Inc., David Saghian - CA DRE#01992252
- List Price
- $8,950,000
- Status
- ACTIVE
- Days on Market
- 16
- MLS#
- 24-441075
- Year Built
- 1987
- Bedrooms
- 32
- Bathrooms
- 32
- Living Area
- 16,169
- Lot Size
- 14,842
- Acres
- 0.34
- MLS Area Major
- Glendale-Northwest (626)
Property Description
1060 Raymond Ave, Glendale, CA 91201, is a 20-unit multifamily property consisting of 1 three-bedroom/two-bath, 11 two-bedroom/two-bath, 7 one-bedroom/one-bath, and 1 studio unit, totaling 16,169 square feet. Built in 1987, the property falls under AB1482 rent control legislation and offers 22% upside in rents. Located in a highly walkable Glendale neighborhood with easy access to major freeways, retail, and dining, the property enjoys strong occupancy and demand. With diverse unit offerings and significant potential for rental growth, this asset presents a prime investment opportunity in a thriving Los Angeles submarket.
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Additional Information
- Air Conditioning
- Central
- Stories
- 2
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