1133 Alameda Avenue

Glendale, CA 91201

$3,195,000
Price
16
Beds
16
Baths
7,704 Sq. Ft.
$415 / Sq. Ft.
7,704
Sq. Ft.
$415
per Sq. Ft.

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...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.

Property Details for 1133 Alameda Avenue

Zoning
GLR4*
Style
Contemporary
Parcel Number
5621028032
Total Units
8.0
Living Area
7704
Source Living Area
Vendor Enhanced
Area
Glendale-Northwest (626)
Vacancy Rate
0
LISTING UPDATED: 02/03/2025 11:59 AM

Property Details for 1133 Alameda Avenue

StatusActive Under Contract
MLS #25-488101
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1986
Lot Size0.17 AC / 7,208 SF
CountyLos Angeles County

Building Information for 1133 Alameda Avenue

Stories-Residences-Year Built1986Building Size-Lot Size0.17 AC / 7,208 SF

Property Information for 1133 Alameda Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: Yes
  • View Description: Tree Top
  • Entry Floor Number: 2
  • Security Features: Gated
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $210,300
  • Net Operating Income: $138,413.00
  • Gross Income: $210,300
  • Cap Rate: 4.30%
  • Gross Rent Multiplier: $15.19
  • Actual Annual Gross Rent: $210,300.00
  • Laundry Income: $1,212
  • Owner Pays: Water
  • Total Annual Expense: 31950
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1655
  • Lot Size Square Feet: 7208
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Community Garage, Carport Attached
  • Total Parking: 13
  • Covered Parking: 12
  • Carport Spaces Total: 12
  • Parking Features: Covered, Community Structure, Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Three Or More
  • Fireplace Rooms: Primary Bedroom
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Mixed, Laminate, Carpet
  • Equipment: Dishwasher, Range/Oven
  • Bedroom Features: Primary Bedroom
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas, Oven-Gas
  • Laundry: Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Flat
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-24-2025
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $6,300.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $4,300.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,225.00
  • Unit Actual Rent: $2,225.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $4,700.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Dishwasher: 8
  • Number of Disposal: 8
  • Number of Electric Meters: 8
  • Number of Gas Meters: 8
  • Number Range: 8
  • Number Refrigerator: 0
  • Number Rented Garages: 12
  • Number Wall AC: 8
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $869,195.00
  • Assessed Improvement Percent: 95.29
  • Assessed Land Value: $42,987.00
  • Assessed Land Percent: 4.71
  • Assessed Total Value: $912,182.00

Property History for 1133 Alameda Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1133 Alameda Avenue

Taxable ValueLand$42,987Additions$873,445Total$916,432
Tax Record2024$11,090 ($924 / month)
Home Facts
Total Finished SqFt7,704 SqFtAbove Grade Finished SqFt7,704 SqFtLot Size7,205 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningGLR4*CountyLOS ANGELESAPN5621-028-032

Schools near 1133 Alameda Avenue

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Balboa Elementary School
PublicK to 6

Eleanor J. Toll Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Benjamin Franklin Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker, David Robles, DRE #01134528

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.