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$9,995,000
Est. payment /mo
0.41 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26136804
HOA Y/N No
Year Built 1987
Lot Size 0.406 Acres
Property Sub-Type Apartment
Property Description
We are pleased to present WinGlen Villas, a modernized, turnkey multifamily offering located just 2 minute drive from the Americana at Brand in Glendale.
The property is being offered as one of if not the highest-yielding newer-construction opportunities currently available in the Tri-Cities market — Glendale, Burbank, and Pasadena — combining meaningful scale, strong day-one income, and durable long-term ownership fundamentals in a market defined by limited supply and high barriers to entry.
WinGlen Villas features sharp unit modernizations, including select units with in-unit washer/dryers, individual water heaters, gated parking, and intercom-controlled access. The offering consists of two parcels: one improved with the existing apartment building and a second parcel providing potential future development upside of up to approximately 2,300 square feet. Please refer to the architect's conceptual drawings in the Offering Memorandum for potential 3- or 4-unit scenarios.
One of the property's most compelling attributes is its immediate proximity to Glendale's premier retail and lifestyle corridor, rated one of the top 15 retail destinations globally, The Americana at Brand and Glendale Galleria are just a 2-minute drive or approximately 10-minute walk from the property. With a 91 Walk Score, residents are minutes from Whole Foods, Porto's, Erewhon, and many of the area's most desirable dining, retail, and entertainment amenities.
Glendale remains one of the most attractive rental markets in Southern California, supported by strong local services, highly regarded police and fire departments, blue-ribbon school systems, and a significant affordability gap between renting and homeownership. The city also currently allows the highest state-permitted annual rent increases, further enhancing the property's long-term income growth profile.
** Offering memorandum by request, tours being scheduled. **
Some images digitally altered/staged. 25+1n.c. unit being converted to legal unit. You are always instructed to consult your tax, legal and financial advisors, information from reliable sources however no promises to accuracy of information, buyer/broker to verify.
The property is being offered as one of if not the highest-yielding newer-construction opportunities currently available in the Tri-Cities market — Glendale, Burbank, and Pasadena — combining meaningful scale, strong day-one income, and durable long-term ownership fundamentals in a market defined by limited supply and high barriers to entry.
WinGlen Villas features sharp unit modernizations, including select units with in-unit washer/dryers, individual water heaters, gated parking, and intercom-controlled access. The offering consists of two parcels: one improved with the existing apartment building and a second parcel providing potential future development upside of up to approximately 2,300 square feet. Please refer to the architect's conceptual drawings in the Offering Memorandum for potential 3- or 4-unit scenarios.
One of the property's most compelling attributes is its immediate proximity to Glendale's premier retail and lifestyle corridor, rated one of the top 15 retail destinations globally, The Americana at Brand and Glendale Galleria are just a 2-minute drive or approximately 10-minute walk from the property. With a 91 Walk Score, residents are minutes from Whole Foods, Porto's, Erewhon, and many of the area's most desirable dining, retail, and entertainment amenities.
Glendale remains one of the most attractive rental markets in Southern California, supported by strong local services, highly regarded police and fire departments, blue-ribbon school systems, and a significant affordability gap between renting and homeownership. The city also currently allows the highest state-permitted annual rent increases, further enhancing the property's long-term income growth profile.
** Offering memorandum by request, tours being scheduled. **
Some images digitally altered/staged. 25+1n.c. unit being converted to legal unit. You are always instructed to consult your tax, legal and financial advisors, information from reliable sources however no promises to accuracy of information, buyer/broker to verify.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Heating Forced Air
Fireplace No
Laundry Common Area, Laundry Closet
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 26-30 Units/Acre
Story 2
Sewer Private Sewer
Water Private
New Construction No
Others
Senior Community No
Tax ID 5696019044
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by Levon Alexanian Keller Williams World Media Center info@alexanianadvisors.com, DRE #00911091
NEARBY SCHOOL & BUSINESS
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