Sold

332 W Lomita Avenue

Glendale CA, 91204

$4,150,000


$367.26 per sqft

Sold

11,300 sqft

Condo

Built in 1964

Listed by Levon Alexanian with Keller Williams World Media Center 818-239-3500

We are pleased to be retained as the exclusive listing agent & advisor for this rare opportunity to reposition in Glendale. Due to the long-term ownership relationship, rents have remained at historic levels, leaving approximately 149% upside in rents. 92 Walk Score!
The offering very likely represents the highest post-market yield being offered in all of the tri-cities. (10) 1+1, (4) 2+2, and 1 non confirming single, all within walking distance to Galleria, Americana, St Mary's Church, Pacific Park, Pacific Community Center & pool. Under 5 min drive to Glendale Memorial Hospital, 7 miles to downtown L.A.
In addition to the upside in rents, there seems to be potential to add (2) ADUs where the pool used to occupy. Buyer to verify.
Ownership has recently executed over $20,000 of capital expenses in concrete overlay, partial torch down of roof, new gutters and spouts. There are solar panels on the roof, on-site parking, laundry.
*** For financial & complete offering memorandum, contact listing agent ***

SR23040512

MLS ID

March 10, 2023

Listed

March 23, 2024

Updated

Map

332 W Lomita Avenue
Glendale CA, 91204

Interior Features

Total Stories

2


Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.27 Acres


Lot Features

11-15 Units/Acre


Sewer

Public Sewer

Other Property Details

Area Name

628 - Glendale-South of 134 Fwy


Days on Market

13


Garage

No


Parking Total

0


View

No


County

Los Angeles


Water Source

Private


Pool

No


Pool Features

Community


Zoning

GLR4YY


Buyer Agency Compensation

2%

Listing Contact: 818-239-3500 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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. 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:15 AM UTC

 

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