1133 Alameda AVE Active Save Request In-Person Tour Request Virtual Tour
Glendale,CA 91201
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,704 sqft
Price per Sqft $414
MLS Listing ID 25488101
Bedrooms 16
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1986
Lot Size 7,209 Sqft
Property 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.
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Zoning GLR4*
Interior
Heating Central
Cooling Central Air
Flooring Carpet,Laminate
Fireplace No
Appliance Dishwasher,Gas Cooktop,Gas Oven
Laundry Common Area
Exterior
Parking Features Attached Carport,Covered,Community Structure
Carport Spaces 12
Pool None
Community Features Gated
View Y/N Yes
Roof Type Composition
Attached Garage Yes
Total Parking Spaces 13
Private Pool No
Building
Entry Level Three Or More
Sewer Other
Architectural Style Contemporary
Level or Stories Three Or More
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5621028032
Security Features Gated Community
Special Listing Condition Standard