1818 Vassar St
Property Description
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 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!
Broker Details
RE/MAX Commercial & Investment (213) 233-4389
MLS ID: X83172 State License Number: 01713570
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $10,800,000 |
| No. of Units: | 31 |
| Year Built: | 1987 |
| Lot Size: | 25,480.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $348,387 |
| Property Website | Click Here |
| Number of Bedrooms: | 46 |
| Number of Bathrooms: | 46 |
ID: 3yd-CLAWCA-26667623
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