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22663832
22663831

657 Milford St, Glendale, CA 91203

Coldwell Banker Commercial NRT Pasadena
Coldwell Banker Commercial NRT Pasadena
Listed by Coldwell Banker Commercial NRT Pasadena
$5,000,000
434 days on market
Updated 56 days ago

657 Milford Street - 18 Unit Apartment Building

Details
APN 5638-012-038
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,030
Units 18
Cap Rate 5.15%
NOI $257,333
Occupancy 100%
Pro-Forma Cap Rate 5.25%
Pro-Forma NOI $5
Class B
Year Built 1961
Zoning GLR4YY

18 Unit Apartment Building

Marketing description

PRICE REDUCTION: FROM $5,600,000 TO NEW PRICE $5,000,000

An exceptional investment opportunity awaits at 657 Milford Street, an 18-unit apartment complex with rental upside in a prime Glendale location. This bright, airy, and modern property features six spacious 2-bed/1-bath units, two charming studios, and ten well-appointed 1- bed/1-bath units, appealing to a wide range of tenants. Residents will enjoy lush greenery in the beautifully landscaped front yard, a refreshing pool, onsite laundry facilities, and the convenience of dedicated parking. Just minutes from The Americana at Brand, the property offers easy access to world-class shopping, dining, and entertainment. With strong income potential, sought-after amenities, and an unbeatable location, 657 Milford Street is a rare investment opportunity not to be missed!


Investment highlights

  • Below Market Rents – Upside of 10-15%+ with Renovation
  • 100% Occupancy – Stable Cash Flow
  • Contact Robert Ip for full due diligence package.

Listing Contacts

Coldwell Banker Commercial NRT Pasadena
Coldwell Banker Commercial NRT Pasadena
Listed by Coldwell Banker Commercial NRT Pasadena

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$257,333.00
$21,444.42/mo

Valuation Metrics

0
DSCR
5.15%
Cap Rate
5.15%
ROI

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