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3221 Altura Avenue, Glendale, CA 91214
9 Beds
38 Baths
27,080 sqft

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Amazing opportunity to own a gem in Glendale/La Crescenta area walking distance to Lincoln Elementary and Crescenta Valley High school. This building was constructed in 1964 and consists of two buildings, i.e. a 15 unit and a 14 unit, on the same lot. There are (19) 2+1, (6) 2+2 and (3) 3+2, (1) 0+1 NC units on a 36,716 SQFT lot in a 27,080 Sqft improvement. Five of 2+1 units are extra-large and command higher rents. The windows have been replaced with energy-efficient Vinyl ones and the roof is also a few years old. There is a beautiful swimming pool servicing the valued tenants with a family and barbeque area In the rear. There are ample parking for all of the residents on the grounds, either tuck under or surface parking. The property has a historically high occupancy rate and a new owner can take over and achieve an above market return for the city of Glendale by enhancing use intensity, and continued improvement and modernization.
  • Price:
  • $9,300,000
  • Bedrooms:
  • 9
  • Square Footage:
  • 27,080
  • Acreage:
  • 0.84
  • Year Built:
  • 1964
  • Listing ID #:
  • 319000990
  • Street Address:
  • 3221 Altura Avenue
  • City:
  • Glendale
  • State:
  • California
  • Postal Code:
  • 91214
  • County:
  • Los Angeles
  • Listing Status:
  • Active
  • Building Condition:
  • Updated/Remodeled
  • Construction Description:
  • Stucco, Wood
  • Construction Description:
  • Frame And Stucco
  • Flooring:
  • Laminated, Other
  • Foundation:
  • Foundation - Concrete Slab
  • Number Of Units:
  • 29
  • Square Footage Source:
  • Seller
  • Stories:
  • Multi Levels
  • Total # Of Buildings:
  • 2
  • Total Building Square Footage:
  • 27080
  • Type Of Roof:
  • Asbestos Shingle
  • Unit1 Bedrooms:
  • 3
  • Unit2 Bedrooms:
  • 2
  • Unit3 Bedrooms:
  • 2
  • Unit4 Bedrooms:
  • 2
  • Windows:
  • Double Pane Windows, Vertical Blinds, Window Blinds
  • Year Built:
  • 1964
  • Adjusted Gross Income:
  • 619004.00
  • Net Operating Income:
  • 404940.00
  • Approximate Lot Size Range Source:
  • Seller
  • Conforms To Zoning:
  • Glr3*
  • Lot Square Footage:
  • 36716
  • Days On Market:
  • 68
  • Price Per Acre:
  • 11033337.29
  • Price Per Square Foot:
  • 343.43
  • Tenant Pays:
  • Cable Tv, Electricity, Gas
  • Bathroom Description:
  • Tile
  • Kitchen:
  • Counter Top
  • Kitchen Appliances:
  • Gas, Oven, Oven-Gas, Range
  • Garage Capacity:
  • 0.0
  • Parking Description:
  • Covered Parking, Uncovered
  • Parking Spaces:
  • 38
  • Parking Type:
  • Assigned, Carport, Parking Space
  • Pool:
  • Yes
  • Pool Description:
  • Community Pool, Fenced, Filtered Only (no Heat)
  • Pool Type:
  • In Ground
  • Appliances:
  • Garbage Disposal
  • Cooling System:
  • Air Conditioning, Ceiling Fan(s), Wall Or Window Units, Wall Unit(s)
  • Existing Water:
  • In Street, Public
  • Heating:
  • Wall Heater
  • Water Heater:
  • Natural Gas, Water Heater Central
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By George I Yessaie of Johnhart Real Estate (DRE#: 01893333)
  • CARETS

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