1117 Linden Avenue, Glendale, CA 91201

About this property

1117 Linden Ave is a 17 + 1 unit apartment building located in Glendale, a neighborhood in the San Fernando Valley. Built in 1986, the property consists of two (2) one-bedroom + one-bathroom units and fifteen (15) two-bedroom+ two-bathroom units. Additionally, the building has an additional non-conforming unit that could potentially be legalized into a two-bedroom + two-bathroom unit (buyer to do own investigation).1117 Linden 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.1117 Linden 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 3.49% with the ability to improve to a 6.09% CAP rate once units turnover.

Listing description from the August 2023 sale, as reported to CRMLS.

Sale history

$6,100,000

Sold August 2023 · listed $6,650,000, on market July 2023 · MLS #23292563 · Source: CRMLS

Listing Agent: Michael Sterman · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: David Nalbandyan · LA Premier Realty

Explore Glendale