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    500 W Wilson Ave

    Glendale, CA 91203
    • $1,495,000
    • STATUS: Active
    • ON SITE: 137 days
    • ID#: 20-557720
    UPDATED: 143 min ago
    $1,495,000
    • 5
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,526
      SQFT
    • $424
      $/SQFT
    Type:
    Multi-Family
    Built:
    1914
    County:

    School Ratings & Info

    Description

    Featuring a charming fourplex and a standalone cottage on the same corner parcel, the property contains spacious, remodeled one bedroom floorplans. Tenants enjoy the property's combination of vintage character, with its walk-in closets and built-in cabinets, and its modern improvements, including stainless steel appliances and in-unit washer/dryers.The property has benefitted from several recent upgrades, including copper plumbing, new windows, granite countertops, decorative kitchen backsplashes, new kitchen cabinets, completely remodeled bathrooms, and new landscaping. Thanks to these improvements, there is very little deferred maintenance remaining (Buyer to verify) allowing a new owner to minimize costs while enjoying the asset's attracttive 4.70% CAP Rate.Situated on the corner of Wilson Avenue and Pacific Avenue, the building benefits from high visibility and convenient access to the 5 and 134 Freeways.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-11T23:42:34.103. 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.
    www.randyplaice.com/homes/103513539
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    500 W Wilson Ave Glendale, CA 91203

    • Price: $1,495,000
    • Status: Active
    • Updated: 143 min ago
    • ID#: 20-557720
    5
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,526
    SQFT
    $424
    $/SQFT
    1914
    Built
    Neighborhood:
    Glendale-South Of 134 Fwy
    County:
    Los Angeles
    Area:
    Glendale-South Of 134 Fwy
    Property Description
    Featuring a charming fourplex and a standalone cottage on the same corner parcel, the property contains spacious, remodeled one bedroom floorplans. Tenants enjoy the property's combination of vintage character, with its walk-in closets and built-in cabinets, and its modern improvements, including stainless steel appliances and in-unit washer/dryers.The property has benefitted from several recent upgrades, including copper plumbing, new windows, granite countertops, decorative kitchen backsplashes, new kitchen cabinets, completely remodeled bathrooms, and new landscaping. Thanks to these improvements, there is very little deferred maintenance remaining (Buyer to verify) allowing a new owner to minimize costs while enjoying the asset's attracttive 4.70% CAP Rate.Situated on the corner of Wilson Avenue and Pacific Avenue, the building benefits from high visibility and convenient access to the 5 and 134 Freeways.
    Exterior Features

    Lot Size Area 6982 Other Structures None Parking Garage Assigned Pool YN No Tennis YN No Total Parking 2

    Interior Features

    Baths Total 5.00 Cooling Air Conditioning Den No Dining Room No Equipment Other Family Room No Heating Other

    Property Features

    Gross Income 103050 Gross Operating Income 105720 Like Units1 4 Like Units2 1 Net Operating Income 70312.00 Number Of Buildings 2 Number Of Units 5 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 32739 Type Of Units Residential Zoning Glr4yy

    Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-11T23:42:34.103. 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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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355