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1133 Alameda Avenue

Glendale, CA 91201

$3,195,000

List Price

16

bed Beds

16

shower Baths

7,704 sqft

straighten / sqft

1986

calendar_month Built

Property Description

In a market where much of the income property inventory consists of neglected buildings requiring significant capital improvements, 1133 Alameda stands out as a turnkey investment opportunity that combines immediate cash flow with strong growth potential. Built in 1986 by the parents of the current owners, this well-maintained property offers stability today while allowing for rent increases in the future. Located north of Glenoaks Boulevard near the Burbank border, residents of the building enjoy a highly desirable prime location minutes from the studios, restaurants, shops, Brand Park and the Americana At Brand. The property consists of eight two-bedroom, two-bath units, each featuring an en-suite primary bedroom, central air and heating, and individual hot water heaters. Many units have been upgraded with vinyl wood flooring, modern kitchen countertops and appliances, and refreshed bathrooms. The upper units provide treetop city views, with two of them offering private balconies, adding to their appeal for tenants. Two separate covered garage areas provide 12 side-by-side parking spaces and storage for each unit. A coin operated laundry room contributes $1200 a year in additional cash flow. Recent improvements ensure the property's long-term value. All eight units had their central air conditioning systems replaced in 2020. In 2023, the roof was upgraded with a durable rubber coating, new fire alarm pull stations were installed, and security cameras were added for enhanced safety. With an average rent of $2,217 per unit, there is substantial room for rental growth, as comparable units in the area command approximately $2,600. 1133 Alameda is an investment that delivers immediate returns today while offering the potential for increased profitability in the years to come. This property is a rare opportunity to acquire a high-quality asset in a competitive market.

Listing Information

List Price $3,195,000
Status Active
MLS 25488101
Type Residential Income
Year Built 1986
Lot Size 7,208
Structure Size 7,704
Courtesy Of Real Broker
Listing Agent David Robles DRE#01134528

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms 16
Total Bathroom
Bathrooms 16
Flooring Information
Material Carpet, Laminate
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

home_work Nearby Properties

Image

$45,000

king_bed N/A
shower N/A
straighten N/A
straighten N/A
912 S Glenoaks Blvd,

Burbank, CA 91502
Image

$8,000/month

king_bed N/A
shower N/A
straighten N/A
straighten 5,241
910 S Glenoaks Boulevard,

Burbank, CA 91502
Image

$2,200,000

king_bed N/A
shower N/A
straighten N/A
straighten 5,241
910 S Glenoaks Boulevard,

Burbank, CA 91502
Image

$6,900/month

king_bed 3
shower 3
straighten 1,713
straighten 7,342
1162 Spazier Avenue,

Glendale, CA 91201
Image

$4,999,999

king_bed N/A
shower N/A
straighten N/A
straighten 17,417
724 S Glenoaks Boulevard,

Burbank, CA 91502

Listing information courtesy of: David Robles, Real Broker 213-712-4343. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 25th, 2025 at 12:38 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.