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31828481
31828482

1001 S Central Ave, Glendale, CA 91204

JA
CA CA 01822661
KW Commercial Studio City
Listed by KW Commercial Studio City
$6,750,000
46 days on market
Updated 19 days ago

1001-1005 S CENTRAL AVE GLENDALE CA 91204

Details
APN 5696-025-038
Property Type Retail, Multifamily (+1)
Sub Type Apartment Building, Storefront
Square Footage 20,355
Net Rentable (SqFt) 20,335
Units 28
Cap Rate 5.26%
NOI $354,956
Occupancy 96%
Tenancy Multi
Price per SqFt $332
Year Built 1928
Buildings 1
Stories 3
Lot Size (SqFt) 8,099
Zoning GLC3
Ground Lease No

Mixed Use Opportunity In Glendale | Upside Income For On-Site Storage

Marketing description

Located in the highly desirable city of Glendale, 1001-1005 S Central Ave presents a rare mixed-use investment opportunity in one of Los Angeles County's most dynamic and supply-constrained rental markets. UPSIDE INCOME FOR ON-SITE STORAGE! Positioned on a prominent corner lot along a major thoroughfare, the property benefits from strong visibility, consistent foot and vehicle traffic, and long-term upside potential. The property features a diverse unit mix of 28 total units, including 16 singles, 10 one-bedroom/one-bath units, and 2 commercial spaces, offering investors a balanced income stream from both residential and retail components. This mix provides flexibility and stability, attracting a wide range of tenants while diversifying revenue sources. The property also includes on-site laundry facilities, an essential amenity that enhances tenant convenience and retention. Situated in a high-demand rental location, the property is surrounded by a dense population, strong employment base, and a variety of retail and dining options. Residents and commercial tenants alike benefit from close proximity to the Glendale Galleria and The Americana at Brand, two of the area's premier shopping and lifestyle destinations. The location also offers excellent accessibility with short distance to the Interstate 5, State Route 134, and State Route 2, providing convenient connectivity throughout the greater Los Angeles area. Public transportation is easily accessible via the nearby Glendale Transportation Center, further enhancing the property's appeal to tenants. With its prime Glendale location, strong mixed-use configuration, corner lot positioning, and proximity to major retail, transit, and freeway access, 1001-1005 S Central Ave represents a compelling opportunity for investors seeking stable income with long-term growth potential in a thriving urban market. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Investment highlights

Great Glendale Location

Mixed Use: 16-Single | 10-1+1 | 3 -Commercial

Corner Lot

On-Site Laundry

High Demand Rental Location

Nearby Shopping/Transit

Short Distance To I-5, CA-134, & CA-2 Freeways

Short Distance To Glendale Galleria

Minutes To The Americana At Brand

Glendale Transit Station Nearby

Listing Contacts

JA
CA CA 01822661
KW Commercial Studio City
Listed by KW Commercial Studio City

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$354,956.00
$29,579.67/mo

Valuation Metrics

0
DSCR
5.26%
Cap Rate
5.26%
ROI

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Additional Information

Name
James Antonucci
License
CA 01822661
Brokerage
KW Commercial Studio City
Brokerage Phone
8183816601
Title
Vice President of Investments
Brokerage Address
4605 Lankershim Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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