Address
1157 Alameda Avenue Glendale, CA
Price
$ 9,400,000
Property Attributes
  • MLS#SR18086670
  • TypeIncome
  • CountyLOS ANGELES
  • CityGlendale
  • AreaGlendale-Northwest
  • Zip91201
  • Style
  • Price$ 9,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17134
  • Lot Size0.33 Acres
Listing Provided Courtesy Of:
Levon Alexanian with Keller Williams World Media Ce.
Property Description

We are pleased to introduce ELEVEN57, a rare re-positioned non-rent controlled 18 unit trophy multifamily asset. Comprised of all 2+2.5 T.H. units with individual washer & dryer, updated interiors, and modern exterior detail commanding strong street presence. ELEVEN57 incorporates a host of capital improvements such as solar panels on the rood, poly-u coated roof, new intercom system, new gates & railing, signage throughout, new irrigation and landscaping. Property was built 1986 and modernized recently. By capturing loss to lease upside in rents, ELEVEN57 translates into a 4.4% CAP rate. Each unit also encompass fireplaces, fenced private patios, open floor layouts, stainless steel appliances, dedicated gated parking spaces. ELEVEN57, located at 1157 Alameda Ave Glendale, CA 91201, the asset is in the prime part of the city, north of Glenoaks Blvd and on the last block before transitioning to strictly single family opens. The offering also sits at the midpoint to both downtown Glendale & Burbank. The dynamic location between two affluent cities provide both strong workforce with premiere shopping, dining and entertainment options. Within 2 blocks, tenants can walk to nearby grocery stores and several local restaurants.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
4/16/2018 Listed $9,400,000

General Features

Attached Structure Attached
Community Features Curbs, Foothills, Gutters, Sidewalks, Storm Drains, Street Lighting, Suburban
Listagentstatelicense 00911091
Listing Agent Levon Alexanian - BRE#00911091
MLS Area 626 - Glendale-Northwest
Price Per Square Foot 548.62
Property Attached Y/N 1
Special Listing Conditions Standard
Total Units 18
Zoning GLR4*

Interior Features

Average1bedareaunits Square Feet
Average2bedareaunits Square Feet
Average3bedareaunits Square Feet
Averagestudioareaunits Square Feet
Common Walls 2+ Common Walls
Laundry Features Inside
Laundry Y/N 1

Exterior Features

Building Area Total 17134.00
Garage Spaces 0.00
Lot Features 16-20 Units/Acre
Lot Size Source Assessor
Lot Size Square Feet 14239.00
Lotsizeunits Square Feet
Number of Buildings 1
Number of Separate Electric Meters 19
Number of Separate Gas Meters 19
Number of Separate Water Meters 19
Parking Features Assigned
Parking Y/N 1
Pool Features None
Total Parking 34.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91201

Price
AVG $4.62M
$9.4M
Visits
AVG 9
30
Year Built
AVG 1961
1986

Looking for more comfortable experience?

Check out our mobile application and browse the properties as no other.