Neighborhood: 635 - La Crescenta/glendale Montrose & Annex
We are pleased to present the Penn Plaza Apartments, a 13-unit apartment building in North Glendale. The property is comprised of thirteen two-bedroom units equipped with wall A/C units, gas wall heaters, ceiling fans, and carport parking. Most units have been upgraded with granite countertops and laminate wood flooring. Additionally, the property features a combination of tuck-under and carport parking. This is a well-kept building in a unique location of Glendale. With nearly 50% upside in rental income, this deal offers the opportunity for an investor to achieve nearly a 6% Cap Rate on market rents.