1062 RAYMOND AVE
GLENDALE, CA 91201

$8,950,000

32 Beds

32 Baths

16,169 Sq Ft

Status Active

MLS# 24-441075

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.

Details for 1062 RAYMOND AVE

Built in 1987

$554 / Sq Ft

34 parking spaces

Central

No Info

0.3407 acres lot

Interior

Bathrooms Total

Bedrooms Total

Living Area

16,169 SqFt.

Building And Construction

Number of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1987

Exterior And Lot

Lot Size Acres

0.3407

Lot Size Square Feet

14841

Parking Features

Subterranean, Carport Attached

Parking Total

Zoning

GLR4YY

Utilities

Cooling

Central

Heating

Central

Area And Schools

City

Glendale

County Or Parish

Los Angeles

Financial Info

Gross Operating Income

496900

Gross Rent Multiplier

17.47

Price Per Sq Ft

553.53

Details for 1062 RAYMOND AVE

Interior

Building And Construction

Exterior And Lot

Utilities

Area And Schools

Financial Info

Area Information for 1062 RAYMOND AVE