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About This Home
This 46-bedroom, 46-bathroom residential multi family at 1818 Vassar St in Glendale, CA is listed for $10,800,000 ($424 per sqft). Built in 1987, the home offers 25,480 sqft of living space on a 0.55 acres lot.
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!
Key Features
- Built in 1987
- 0.55 acre lot
- 2 stories
- 52 parking spaces
Property Details
Monthly Cost Estimate
$57,761/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1818 Vassar St
Glendale, CA 91204
Questions & Answers
This 46-bedroom, 46-bathroom residential multi family at 1818 Vassar St is listed at $10,800,000 ($424/sqft). The estimated monthly payment is $46,800 based on 20% down at 6.5% interest.
Key features include: Built in 1987, 0.55 acre lot, 2 stories, 52 parking spaces.
This property is listed by Shant Sherbetdjian and can be reached at 6266578150 or ss@remaxcir.com.