SoldDec 9, 2022Residential Income
$4,300,000
Listed for $4,485,000 · Sold Dec 9, 2022
Listing provided by Chris Keramati, Triqor Group
We are pleased to present the Penn Plaza Apartments, a 13-unit apartment building in North Glendale. The property is comprised of thirteen two-bedroom units equipped with wall A/C units, gas wall heaters, ceiling fans, and carport parking. Most units have been upgraded with granite countertops and laminate wood… flooring. Additionally, the property features a combination of tuck-under and carport parking. This is a well-kept building in a unique location of Glendale. With nearly 50% upside in rental income, this deal offers the opportunity for an investor to achieve over a 6% Cap Rate on market rents.
Listing Snapshot
Days online141
Last updatedDec 9, 2022
Property typeResidential Income
Beds0
Full baths0
Square ft.10,774
Lot size0.34 Acres
Year built1962
MLS numberPW-22159796
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