34.14047 -118.25332

208 E LOMITA Avenue Glendale, CA 91205

229580341 34.14047 -118.25332 124 /listing/229580341-150183139/208-e-lomita-avenue-glendale-ca-91205 False 0 4400000.0 105 19425314 False
  • $4,400,000
  • 8,588 lot
  • Est payment $23620.15/mo

Property & Neighborhood Info

Courtesy Of Roderick 'Rick' Raymundo, Marcus & Millichap

Multi-Family in Glendale

We are pleased to announce the sale of 208 E Lomita Avenue, a 20-unit multifamily property located in a prime pocket of Glendale, CA, just two blocks from the upscale Americana at Brand shopping center. Offered at the lowest price per unit of any currently available Glendale property, this listing presents an excellent opportunity to enter the highly-desirable submarket at an attractive per unit metric.The opportunity remains for a new owner to add value through interior improvements, which could help to increase rents above their current level. Several of the units have been remodeled with new wood flooring, upgraded kitchens, and updated bathrooms, effectively providing a blueprint for the new owner to follow for the remainder of the property. The four individual parking garages on-site provide an additional $425 in monthly income, while the on-site laundry facilities add yet another income stream to the investment.

Courtesy Of Roderick 'Rick' Raymundo, Marcus & Millichap
  1. 8,588 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1924
  • Floors: 2
  • County: Los Angeles
  • Units: 20
  • Zoning: GLR4YY
  • MLS Number:19425314

Additional Features

  • Laundry:
    • See Remarks
  • Land Size Source:
    • Assessor
  • Lot Features:
    • Sprinklers None
  • Parking:
    • Garage
  • Number of Buildings:
    • 1
  • Net Operating Income:
    • 171019.00
  • CDOM:
    • 217
  • Assessments:
    • None
  • Special Conditions:
    • Standard
  • Gross Operating Income:
    • 294420.00
  • Land Value:
    • 1470077
  • Lot Size Acres:
    • 0.1972
  • Lot Size Area:
    • 8588.0000
  • Lot Size Square Feet:
    • 8588.00
  • Price Per SQFT:
    • 447.52
  • Tax ID:
    • 5641006007
  • Total Expenses:
    • 120868.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Bob Lane
Bob Lane
Broker Associate
3300 Highland Ave Manhattan Beach CA 90266
request more info.
34.14047 -118.25332

208 E LOMITA Avenue Glendale, CA 91205

229580341 34.14047 -118.25332 124 /listing/229580341-150183139/208-e-lomita-avenue-glendale-ca-91205 False 0 4400000.0 105 19425314 False
  • $4,400,000
  • 8,588 lot
  • Est payment $23620.15/mo