Listing photo for 501 Alexander Street, Glendale, CA

501 Alexander Street,

Glendale, CA

$2,500,000

6,084 Sqft
0.13 Acres

7-UNIT INCOME PROPERTY FOR THE SAVVY INVESTOR Located in the very desirable city of Glendale, this 7-unit property is ideally situated within close proximity to shopping and transportation. It is very accessible from the 134 and 5 freeways. Public transportation stops are within walking distance. The unit mix is six 2-bedroom 1-bath and one 1-bedroom 1-bath units. The building is fully rented. Five of the seven units have been completely renovated while the other two were partially done. Majority of the exterior light fixtures have been upgraded to LED. The building has been freshly painted. Efficient double-pane vinyl windows were recently installed on the front of the upstairs units. Tenants appreciate all the features and conveniences offered by 501 Alexander, It is a stable income-producing asset with upside potential. This makes it an excellent addition to a savvy investor’s portfolio.

Facts & Features
MLS® # SB19213883
Price $2,500,000
Bathrooms 0.00
Square Footage 6,084
Acres 0.13
Year Built 1963
Type Residential Income
Style Traditional
Status Closed
Community Information
Address 501 Alexander Street
Area Glendale-South of 134 Fwy (628)
City Glendale
County Los Angeles
State CA
Zip Code 91203
Amenities
Parking Spaces 12
Is Waterfront No
Has Pool No
Interior
Appliances Garbage Disposal, Gas Range, Range/Stove Hood
Heating Wall Heater, Natural Gas
Cooling Wall or Window Units, Electric
Fireplace No
# of Stories 2
Stories Two
Exterior
Lot Description Landscaped, Level with Street, Paved
Roof Common Roof, Composition, Tile
Foundation Concrete Slab
Additional Information
Date Listed September 5th, 2019
Days on Market 67
Zoning GLR4YY
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Agent Gary Legaspi(01251036)
Office AY Realty

Based on information from California Regional Multiple Listing Service, Inc. as of October 28th, 2020 at 2:56am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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