1055 Grover Ave

Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area.

Pride of ownership, Owns for about 50 years. Lowest price per unit in Glendale $255k/unit. Due to this long term ownership relationship with great tenants, the current rents have remained very low, leaving about 80% upside in rents Current rents are significantly below market, for 10 units totaling about $165,000 a year. One 3 bed 2 bath, Two 2 bed 1 bath, Five 1 bed 1 bath, Two single. The rents in the area for a 3 bedroom unit can be over $3,500, for 2 bed $2800 and 1 bed $2100 a month. Some TLC on this property current rents can potentially go up about $257,000 a year. The property is centrally located for commutes, supermarkets, restaurants and schools . Driving distance downtown Los Angeles, Burbank, Montrose, Americana and Glendale Galleria, NOHO district, Old Town Pasadena, and the Rose Parade, JPL. Local LA and Hollywood attractions include the Music Center, Disney Music Hall, and Hollywood Bowl. This 10 units is truly one of a kind and great investment. Per seller, inside 6 units are updated, Has copper plumbing, newer water heater, walk way, all wall heaters and wall A/C s, about 13 parking, Everything in this area sells quickly, priced right and will not last long in this market.

This home located at 1055 Grover AVE is currently activeUnderContract and has been available on pardeeproperties.com for 12 days. This property is listed at $2,550,000. It has 11 beds and 11 bathrooms. The property was built in 1962. 1055 Grover AVE is in the Glendale-Northwest community of Los Angeles County.

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