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Sold Date12/09/2022
Closed

4419 Pennsylvania AvenueGlendale, California CA91214-2648

Listing IDPW22159796

10,774 SqFt 0.344 Acres

$4,300,000

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.
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