401 Raymond Avenue

Glendale, CA 91201

401 Raymond Ave, a 14 unit apartment building located in Glendale, a neighborhood in the San Fernando Valley. Built in 1964, the property consists of(3) one-bedroom + one-bathroom units, (10) two-bedroom + one-bathroom units and (1) two-bedroom+ two-bathroom units. The building is 13,863 gross square feet and sits on a 16,940 square foot lot.401 Raymond Ave is located on a charming, tree-lined street in Glendale. There is no shortage of activities to explore in the area. From shopping at the Burbank Town Center or Glendale Galleria to exploring Griffith Park and Stough Canyon, just a few miles away.Glendale lies at the eastern end of the San Fernando Valley, the location provides convenient access to the 134 and 5 freeways, further extending the area's connectivity to the rest of Los Angeles.401 Raymond Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 3.99% with the ability to improve to a6.35% CAP rate once units turnover.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.