40
See all 40 photos
$2,399,000
Est. payment /mo
8 Beds
4 Baths
8,764 Sqft Lot
New
650 W Wilson Glendale, CA 91203
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26104554
Bedrooms 8
Lot Size 8,764 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
650 W Wilson is an extremely rare 8-unit generational asset, first time on the market, ideally located in the heart of Glendale just steps from The Americana at Brand, offered at $2,399,000. With two vacancies and the possibility of an ADU(s), this is one of the best positioned assets in the entire submarket, delivering a stronger GRM and higher cap rate than nearly every competing Glendale listing. Located on a quiet, tree-lined street just 2 minutes (0.5 miles) from The Americana at Brand, opportunities this close to Glendales premier retail and lifestyle hub almost never trade. The property consists of six 2-bedroom units and two 1-bedroom units, which will both be delivered vacant allowing for immediate upside! The asset is already performing at a 5.62% cap rate with a conservative 6.79% pro forma, both calculated using real operating expenses and including a 5% management fee, giving investors a clear and realistic path to increased returns without relying on aggressive assumptions. The majority of units have already been upgraded with new or refinished countertops, cabinetry, and flooring, meaning a significant portion of the renovation work is complete, while two remaining units still offer additional upside through light improvements. Electrical panel breakers have also been replaced in all units, helping minimize future capital expenditures. Tenants benefit from a highly walkable location with direct access to top-tier retail including The Americana, Glendale Galleria, Whole Foods, Trader Joes, and Target, which continues to drive strong and consistent rental deman
Location
State CA
County Los Angeles
Zoning Assessor
Direction Conveniently located just off the 134 & 2 Freeways, 650 W Wilson Ave offers investors a prime Glendale location with strong long
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5638003053
Virtual Tour https://www.myunits.com/buy/650wilson
Listed by Lauren Cearley, DRE#02146823 Myunits.com Inc.
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