1001 Melrose

 

1001 Melrose Ave | Glendale, California | 91202

$20,000,000

About

  • Units: 63

  • Land Size: 34,509 SF

  • Building Size; 47,950 SF

  • Parking: 67 Assigned

  • Year Built: 1962

Agents

 

additional information

  • Beautiful 63 unit complex in prime Glendale, California just north of the 134 freeway

  • Add-value potential to renovate unit interiors and resident amenities

  • Modernizing unit interiors with high-end kitchens, bathrooms and floors could yield 25% more revenue each year from rent increases

  • Current owners invested $1.3 million in CAPEX property improvements from 2012-2016

  • Breathtaking views of the Verdugo Mountains and downtown Glendale

  • Property offers a list of on-site amenities

  • Rooftop currently has a private penthouse unit and a resident gym. Additional space available for a unique lounge add-on

  • Common areas have been renovated, but further luxury decor, floors and amenities could transform the spatial experience

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David Leibowitz, Clark Everitt, William Everitt, MultifamilyJonathan Krikorian