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28025988
28025989

630 Naranja Drive, Glendale, CA 91206

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LH
Luc Hawkshaw PRO
CA CA DRE#:01962142
Ally Commercial Real Estate
RR
Rick Ramirez
CA CA 01964882
Ally Commercial Real Estate
Listed by Ally Commercial Real Estate
$1,750,000
484 days on market
Updated 13 days ago

630 Naranja Drive

Details
APN 5646016006
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,838
Units 4
Cap Rate 5.56%
NOI $97,328
Occupancy 100%
Pro-Forma Cap Rate 6.23%
Pro-Forma NOI $109,096
Price per SqFt $362
Broker Co-Op Yes
Year Built 1929
Buildings 1
Stories 2
Acreage 0.129
Zoning Assessor
Investment Type Stabilized
Ground Lease No

Glendale 4plex | Corner Lot | Great Potential

Marketing description

The 630 Naranja Dr Apartment Building is an excellent investment option in the thriving Glendale, CA real estate market. Its prime location, strong rental demand, and potential for value appreciation make it an attractive prospect for investors and owner-users alike seeking stable income and long-term growth. This 4 unit Spanish style building consists of four large 2+1 units with spacious bedrooms, very large living rooms and dining areas. All are currently occupied with very nice and on-time paying tenants. Improvements include updated electrical meters, copper plumbing, recent exterior paint and newly resurfaced back yard common area.

Investment highlights

  • Prime Location: The property is strategically located in Glendale, one of the most desirable cities in the Los Angeles metropolitan area, renowned for its strong rental market and diverse economy.

  • Strong Rental Demand: Glendale's housing market has shown consistent growth, with high demand for rental units, making this apartment building an attractive income-generating investment.

  • Transportation Access: The property offers excellent access to major highways, public transportation, and is within a short drive of downtown Los Angeles, making it convenient for both commuters and residents.

  • Property sits on a corner lot and right across the street from Woodrow Wilson Middle school. (Great Exposure)

  • Detached 4 car garage could make for a great ADU play, buyer to verify.

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Listing Contacts

LH
Luc Hawkshaw PRO
CA CA DRE#:01962142
Ally Commercial Real Estate
RR
Rick Ramirez
CA CA 01964882
Ally Commercial Real Estate
Listed by Ally Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,328.00
$8,110.67/mo

Valuation Metrics

0
DSCR
5.56%
Cap Rate
5.56%
ROI

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Additional Information

Name
Luc Hawkshaw
License
CA DRE#:01962142
Brokerage Phone
424-317-0308
Brokerage Address
3301 Barham Boulevard
Name
Rick Ramirez
License
CA 01964882
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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  1. For Sale
  2. Multifamily
  3. CA
  4. Glendale
  5. 630 Naranja Drive
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