Listed by Matthews
$2,650,000
547 South Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,839
Net Rentable (SqFt) 4,839
Units 5
Cap Rate 4.73%
NOI $125,449
Price per SqFt $548
Year Built 1958
Year Renovated 2022
Zoning GLR4YY
Pride-of-Ownership 5-Unit Multifamily in Prime Glendale with Owner-User Upside
Investment highlights
PLEASE DO NOT WALK THE PROPERTY OR DISTURB OCCUPANTS
Pride-Of-Ownership Asset: Located in a prime Glendale 91202 neighborhood, this property reflects true pride of ownership and has been meticulously maintained.
Owner-User Opportunity: Features a large front residence ideal for owner-users seeking supplemental rental income.
Strong In-Place Income: The property offers strong in-place rental income with additional upside potential.
Desirable Unit Mix: All units are two-bedroom layouts, appealing to a wide tenant base.
Walkable Location: Walking distance to Kenneth Village and Brand Park enhances tenant lifestyle and demand.
Limited Supply: Limited multifamily supply in Glendale supports long-term rental demand and value.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,449.00
$10,454.08/mo
Valuation Metrics
0
DSCR
4.73%
Cap Rate
4.73%
ROI
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