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501 W Doran Street

Glendale, CA 91203
  • $2,500,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: GD23151879
UPDATED: 25 min ago
$2,500,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Jack Baboudjian of Baboudjian Properties Inc. (818-244-5151)


Description

The Doran Street Apartments is located in the heart of the highly desirable city of Glendale. The property is situated minutes from the delectable restaurants and premier shopping available at the Americana at Brand and the Glendale Galleria. The building also offers nearby access to the 134 and 5 Freeways, making it just a short distance from its neighboring cities of Burbank, Hollywood and Pasadena. Located on the corner of Doran & Pacific Avenue, the property is a 7-unit complex featuring a great unit mix. There are three 2 bedroom 1.5 bathroom units and four 1 bedroom 1 bathroom units. All of the units have well utilized floor plans and are very spacious. The propertys prime location in one of Southern Californias most prestige cities creates a unique opportunity for investors. It also features stable tenants and steady cash-flow, making the Doran Street Apartments the ideal asset.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T19:37:33.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142471394
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501 W Doran Street Glendale, CA 91203

  • Price: $2,500,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 25 min ago
  • MLS #: GD23151879
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1963
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
The Doran Street Apartments is located in the heart of the highly desirable city of Glendale. The property is situated minutes from the delectable restaurants and premier shopping available at the Americana at Brand and the Glendale Galleria. The building also offers nearby access to the 134 and 5 Freeways, making it just a short distance from its neighboring cities of Burbank, Hollywood and Pasadena. Located on the corner of Doran & Pacific Avenue, the property is a 7-unit complex featuring a great unit mix. There are three 2 bedroom 1.5 bathroom units and four 1 bedroom 1 bathroom units. All of the units have well utilized floor plans and are very spacious. The propertys prime location in one of Southern Californias most prestige cities creates a unique opportunity for investors. It also features stable tenants and steady cash-flow, making the Doran Street Apartments the ideal asset.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 8 Parking Features Assigned Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Curbs Electric Expense 432.46 Fuel Expense 1825.4 Garage YN No Gross Income 147600 Gross Scheduled Income 147600 Insurance Expense 3768 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 4460 Net Operating Income 99924.52 New Construction YN No New Taxes Expense 27225 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 47675.4 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 12300 Trash Expense 4944.7 Water Sewer Expense 4059.8 Water Source Public Zoning Glr4yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T19:37:33.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Jack Baboudjian of Baboudjian Properties Inc. (818-244-5151)