We are pleased to present 1818-1826 Vassar Street, a rare opportunity to acquire a fully stabilized 31-unit apartment building in Glendale. Built in 1987, the property totals 25,480 SF multi-story building on a 23,990 SF lot zoned and features 16 one-bedroom/1-bath units and 15 two-bedroom/1.5-bath units, with 50 covered parking spaces in a fully sprinklered below-grade garage. Individually metered for gas and electricity, master-metered for water, and fully secured with intercom access, the building also offers on-site laundry and excellent curb appeal. This asset provides immediate cash flow and offers significant value-add potential. Investors can enhance rents in compliance with AB 1482, implement capital improvements, and maximize returns in a market with no local rent control. With its strong unit mix, ample parking, and turnkey condition, this property is ideal for long-term investors or value-add strategies in Glendale, a city considered one of the leading most desirable neighborhoods of the area. This property is centrally located and within a short drive to The Americana at Brand & the vibrant Atwater Village Shopping/Retail Corridor. **Property Video link is provided. Do not contact tenants or the on-site manager. Contact listing agents for full details and to schedule a private showing. Excellent 1031 Exchange potential for an exceptional investment opportunity act now!
25,480 Sq Ft
0.5521 Private Acres Lot Size
investment
Built in 1987
MLS/Listing ID 26667623
2 Stories
31 Units
Cooling - Other
Heating - Other
TOTAL MONTHLY COST
US$0
US$0
US$0
The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are © {{YEAR}} The MLS/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.