Introducing a rare opportunity to acquire a well-maintained 31-unit apartment community built in 1987, located in the desirable Glendale market. The property features a strong unit mix of sixteen (16) 1-bedroom / 1-bath units and fifteen (15) 2-bedroom / 2-bath units, totaling 25,480 square feet on a 23,990 square foot lot. Amenities include a fully sprinklered subterranean parking garage with 50 spaces, controlled intercom access, and on-site laundry. The building is individually metered for gas and electricity, enhancing operational efficiency. With 100% occupancy, excellent curb appeal, and meaningful rental upside through capital improvements and rent increases in accordance with AB 1482, this asset presents a compelling value-add opportunity. Located in Glendale with no local rent control, this offering is ideal for investors seeking long-term stability and growth.

Investment Highlights

• Built in 1987 | Well-Maintained Asset
• Under the Same Ownership for 25 Years!
• Strong Unit Mix: (16) 1 Bed / 1 Bath Units & (15) 2 Bed / 1.5 Bath Units
• Approximately 25,480 SF of Rentable Living Space
• Fully Sprinklered Subterranean Parking Garage | 50 Parking Spaces
• Controlled Intercom Access & On-Site Laundry
• Rental Upside and Opportunity to Add Value | Individually Metered for Gas & Electricity
• Centrally Located | Short Drive to Americana at Brand & Atwater Village
• Close to Popular Shops, Restaurants & Vibrant Neighborhood Amenities
• Subject to AB1482 | Not Subject to Local Rent Control