We are pleased to present 1818-1826 Vassar Street, a rare opportunity to acquire a fully stabilized 31-unit apartment building in Glendale. Built in 1987, the property totals 25,480 SF multi-story building on a 23,990 SF lot zoned and features 16 one-bedroom/1-bath units and 15 two-bedroom/1.5-bath units, with 50 covered parking… Read More spaces in a fully sprinklered below-grade garage. Individually metered for gas and electricity, master-metered for water, and fully secured with intercom access, the building also offers on-site laundry and excellent curb appeal. This asset provides immediate cash flow and offers significant value-add potential. Investors can enhance rents in compliance with AB 1482, implement capital improvements, and maximize returns in a market with no local rent control. With its strong unit mix, ample parking, and turnkey condition, this property is ideal for long-term investors or value-add strategies in Glendale, a city considered one of the leading most desirable neighborhoods of the area. This property is centrally located and within a short drive to The Americana at Brand & the vibrant Atwater Village Shopping/Retail Corridor. **Property Video link is provided. Do not contact tenants or the on-site manager. Contact listing agents for full details and to schedule a private showing. Excellent 1031 Exchange potential for an exceptional investment opportunity act now! Read Less
Property listed by Remax Commercial and Investment Realty, Shant Sherbetdjian 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Beds
46
Square Ft.
25,480
Lot Size
0.55 Acres
Year Built
1987
MLS Number
26667623
Additional Details
Building
Built in 1987, Living area: 25480.0, 1 building, 2 stories, Levels: MultiSplit
Income
Gross Income: $819,816, Net Operating Income: $510,226
Laundry
CommonArea
Lot
0.5521 acres
Parking
52 total parking spaces
Taxes
Parcel Number: 5640037037, Zoning: GLR4*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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