This offering is a 10-unit/four parcel assemblage (sold together only). Long-term owner, self-manages. Attractive Seller Financing is available with 30% down. Near Historic Downtown Glendale on a well-kept residential block. All m-t-m leases. 60% of the units have recent upgrades. The combined sf of the units is about 8700 total sf or $201/sf. The unit mix over nine buildings consists of: (1) 4 bed/2 bath house; (3) 3 bed/1 bath houses; (1) 2 bed/1 bath houses; (4) 1 bed/1 bath units; & (1) Studio unit. Expenses are low. The total utility bill cost is $300/m for w/s/t, electric.
Proforma/market rents are about $12,800/month. 7+ CAP after finishing the value-add/maximizing rents. Flexibility to upgrade/sell off each parcel or hold long-term as a package. Buyer to complete/rely on own DD.