1062 Raymond Avenue

Glendale, CA 91201

$8,950,000

List Price

32

bed Beds

32

shower Baths

16,169 sqft

straighten / sqft

1987

calendar_month Built

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.

Listing Information

List Price $8,950,000
Status Active
MLS 24441075
Type Residential Income
Year Built 1987
Lot Size 14,842
Structure Size 16,169
Courtesy Of Kidder Mathews of California, Inc.
Listing Agent David Saghian DRE#01992252
Co-Listing Agent Michael Monempour DRE#01996829

Interior Features

Total Bedroom
Bedrooms 32
Total Bathroom
Bathrooms 32
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: David Saghian, Michael Monempour, Kidder Mathews of California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 18th, 2024 at 12:18 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.