Residential Income – 403 W Glenoaks Blvd, Glendale, CA 91202, USA -001-11-30T00:00:00-08:00
Pacifica Glendale is a substantially renovated, two-story, 40 unit, property. Constructed in 1956 and updated in 2017/2018, Pacifica Glendale sits on a beautifully landscaped ±31,005 square foot R1250 lot, with a total building area of ±16,62
403 W Glenoaks Blvd, Glendale, CA 91202, USA
$10,800,000 USD
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Address403 West Glenoaks, Glendale
Price$10,800,000
Year Built1956
Bedrooms Total0
Living Area16,620
Lot Size (Sq.Ft.)31,005
Listing ID19425154
StatusActive
Parcel Number5636004033
Special ConditionsStandard
Days on Market63

Detailed Description: Pacifica Glendale is a substantially renovated, two-story, 40 unit, property. Constructed in 1956 and updated in 2017/2018, Pacifica Glendale sits on a beautifully landscaped ±31,005 square foot R1250 lot, with a total building area of ±16,620 sq.ft. The controlled access property offers two on-site laundry facilities, a gated pool with seating area, a barbeque area with outdoor dining, a parking area with 42 parking spaces (zero soft story), security camera surveillance, is separately metered for gas and electric, and is serviced by two central water heaters. Pacifica Glendale offers an advantageous unit mix of 32 studio units and 8 one-bedroom / one-bathroom units. Ninety percent renovated units with new kitchens and bathrooms, stainless steel appliance packages, and stone countertops. Each unit offers split units for heating and cooling, gas stoves, dishwashers, upgraded flooring, and sufficient storage space.

Cooling
Laundry
Parking
Appliances

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Address Information
Address403 West Glenoaks, Glendale
Street PrefixWest
CityGlendale
Location (MLS Area)626 – Glendale-Northwest
County Or ParishLos Angeles
State or ProvinceCA
Postal Code91202
Financial Information
Price per Square Foot$649.82
Price per Lot Square Foot$348.33
Special ConditionsStandard
Total Expenses$261,194
Professional Management Expense$29,733
Licenses Expense$1,848
Operating Expense$7,188
Insurance Expense$7,378
Pool Expense$3,275
Electric Expense$4,406
Water Sewer Expense$8,945
Trash Expense$2,903
Maintenance Expense$20,000
Fuel Expense$4,275
Other Expense$8,000
Gross Operating Income$782,458
Net Operating Income$482,142
Laundry Income$2,394
Gross Multiplier14.05%
Tax Year2000
Full Descriptions
Parcel Number5636004033
Detailed DescriptionPacifica Glendale is a substantially renovated, two-story, 40 unit, property. Constructed in 1956 and updated in 2017/2018, Pacifica Glendale sits on a beautifully landscaped ±31,005 square foot R1250 lot, with a total building area of ±16,620 sq.ft. The controlled access property offers two on-site laundry facilities, a gated pool with seating area, a barbeque area with outdoor dining, a parking area with 42 parking spaces (zero soft story), security camera surveillance, is separately metered for gas and electric, and is serviced by two central water heaters. Pacifica Glendale offers an advantageous unit mix of 32 studio units and 8 one-bedroom / one-bathroom units. Ninety percent renovated units with new kitchens and bathrooms, stainless steel appliance packages, and stone countertops. Each unit offers split units for heating and cooling, gas stoves, dishwashers, upgraded flooring, and sufficient storage space.
Laundry FeaturesSee Remarks
Cooling DescriptionCentral
Appliances DescriptionRefrigerator
Parking FeaturesUncovered
Property parameters
Year Built1956
Living Area (Sq.Ft.)16,620
Lot Size (Sq.Ft.)31,005
Lot Size (Acres)0.712
Lot Size SourceAssessor
Number of Buildings2
Number of Units Total40
Stories Total2
Units Total40
Cap Rate (For Cash Payment Only)4.46
Listed withPriscilla Nee (CB Richard Ellis, Inc.)