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  • DESCRIPTION

    We are pleased to introduce 500 OAK. 21 units built in 1987, boasting a unit mix of 96% 2+2 units in the heart of downtown Glendale. The offering is being presented 16.7 G.R.M. and the LOWEST PRICE PER SQUARE FOOT deal in Glendale & Burbank for 1980's+ construction. In place cap rate of 4.1% and market cap at 5.1%.This rare opportunity to acquire a mid sized asset in supply constrained city of Glendale, is superbly located just blocks walking distance to the outdoor shopping, dining & entertainment hub of Los Angeles. Property amenities include dual entry/exit subterranean gated parking, gated intercom, central AC & Heat, on site laundry room. Immediate access to the 5, 134 and 2 freeways. * * Contact listing agent for offering memorandum * *Your advised to conduct your own study as to permits, age, rents, market rents, we make no guarantees to the information provided.

    KEY DETAILS
    • Price:
    • $8,100,000
    • Bedrooms:
    • 3
    • Full Baths:
    • 0
    • Square Footage:
    • 20,092
    • Acreage:
    • 0.41
    • Year Built:
    • 1987
    • MLS #:
    • SR18290528
    • Street Address:
    • 500 Oak Street
    • City:
    • Glendale
    • State:
    • CA
    • Postal Code:
    • 91204
    • County:
    • Los Angeles
    • Area:
    • Glendale
    • Listing Status:
    • For Sale - Active

    Building

    • Number Of Units:
    • 21
    • Total # Of Buildings:
    • 1
    • Total Building Square Footage:
    • 20092
    • Unit1 Bedrooms:
    • 2
    • Unit2 Bedrooms:
    • 1
    • Year Built:
    • 1987

    Business

    • Net Operating Income:
    • 329221.00

    Land

    • Approximate Lot Size Range Source:
    • Public Records
    • Conforms To Zoning:
    • Glr4yy
    • Lot Features:
    • Sidewalks, Storm Drains, Street Lighting
    • Lot Square Footage:
    • 18068

    Listing

    • Days On Market:
    • 35

    Money

    • Price Per Square Foot:
    • 403.15

    Structures

    • Garage Capacity:
    • 0.0
    • Pool Description:
    • No Pool

    Systems

    • Existing Water:
    • Water District, Public

    Source

    • Listing Provided By Levon Alexanian of Keller Williams World Media Ce (DRE#: 00911091)

      CARETS
    REQUEST SHOWING
    NOTES

    No notes have been added for this home.

    CONTACT AN AGENT

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