À louer
À vendre

Langue et région
Devise

E-mail*

Veuillez saisir une adresse e-mail valide.

Pour envoyer ce bien à plusieurs personnes, insérez un point-virgule entre l’adresse e-mail de chaque destinataire.

Message

954 caractères restants

Hum, une erreur s’est produite lors de l’envoi de votre message. Veuillez réessayer.

Votre e-mail a été envoyé.

519 South St Immeuble residentiel 23 lots 7 272 626 € (316 201 €/Lot) Taux de capitalisation 5,05 % Glendale, CA 91202

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Certaines informations ont été traduites automatiquement.

Informations principales sur l'investissement

Positioned in South Glendale, a supply-constrained, high-barrier submarket within Los Angeles County
Separately metered utilities (electric and gas) minimize owner expenses
Average Unit Size: ±774 SF

Convenient freeway access to I-5, SR-134, and proximity to prominent job centers in Glendale and Burbank12
No rent control: Property is exempt from California AB 1482, allowing full flexibility to reset rents at turnover

Résumé analytique

519 South St is a 23-unit multifamily investment offered at $8,300,000 ($360,870/unit | $466.19/SF) in the South Glendale submarket — one of the San Fernando Valley's most supply-constrained and high-barrier rental markets. Built in 1986 on an 18,121 SF lot, the property features a balanced mix of 14 two-bedroom/two-bath and 9 one-bedroom/one-bath residences, each averaging 774 SF across 17,804 SF of building area. With 21 of 23 units currently occupied and generating $55,230 in monthly gross rent, the asset delivers immediate cash flow from close of escrow at a 5.05% in-place cap rate and a 1.20x debt service coverage ratio. Current rents average $2,401 per unit against market rents of $2,917 — a 21% discount that represents approximately $142,440 in annual rental upside achievable entirely through natural tenant turnover, with no capital improvement program required. The property sits outside California AB 1482 rent control protections, giving new ownership full flexibility to reset rents at each vacancy. Unit 207 — currently the furthest below market at $1,975 versus a $3,250 market rent — represents $1,275 in immediate monthly upside alone. Two units are immediately available for lease-up at market rents. At full market rents, NOI grows from $418,862 to $548,482, delivering a 6.61% pro forma cap rate and a GRM of 10.31. The property's separately metered electric and gas shift utility costs to residents, keeping pro forma expenses at just 28.30% of EGI — well below typical multifamily benchmarks.

Offering Memorandum

Informations sur l’immeuble

Prix	7 272 626 €	Style d’appartement	De faible hauteur
Prix par lot	316 201 €	Classe d’immeuble	B
Type de vente	Investissement	Surface du lot	0,17 ha
Taux de capitalisation	5,05 %	Surface de l’immeuble	1 654 m²
Multiplicateur du loyer brut	12.52	Occupation moyenne	100%
Nb de lots	23	Nb d’étages	2
Type de bien	Immeuble residentiel	Année de construction	1986
Sous-type de bien	Appartement	Ratio de stationnement	0,14/1 000 m²
Zonage	R4, Glendale - Restricted Density Multiple Dwelling

Prix	7 272 626 €
Prix par lot	316 201 €
Type de vente	Investissement
Taux de capitalisation	5,05 %
Multiplicateur du loyer brut	12.52
Nb de lots	23
Type de bien	Immeuble residentiel
Sous-type de bien	Appartement
Style d’appartement	De faible hauteur
Classe d’immeuble	B
Surface du lot	0,17 ha
Surface de l’immeuble	1 654 m²
Occupation moyenne	100%
Nb d’étages	2
Année de construction	1986
Ratio de stationnement	0,14/1 000 m²
Zonage	R4, Glendale - Restricted Density Multiple Dwelling