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988 W Glenoaks Boulevard, Glendale, California 91202, Glendale, 91202 - bed, bath

988 W Glenoaks Boulevard, Glendale, California 91202 home-pic-0
ACTIVE$1,799,000
988 W Glenoaks Boulevard, Glendale, California 91202
0Bed
0Bath
3,555Sqft
6,225Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Located in the desirable Glendale, CA, offering access to amenities, schools, and transportation.
Top Cons:
Year Built: Built in 1948, the property may require updates and maintenance to meet modern standards and tenant expectations.

Compared to the nearby listings

Price:$1.80M vs avg $1.68M (+$124,000)75%
Size:3,555 sqft vs avg 2,503 sqft75%
Price/sqft:$506 vs avg $63325%

More Insights

Built in 1948 (77 years old).
Condition: The property was built in 1948. The images show the exterior and laundry area. The exterior appears to be maintained, but the laundry area shows signs of age and wear. Without interior images of the kitchens and bathrooms, it's difficult to assess their condition definitively, but based on the age and limited visual information, a 'fair' rating is appropriate, suggesting it requires minor updates or repairs.
Year Built
1948
Close
-
List price
$1.8M
Original List price
$1.9M
Price/Sqft
$506
HOA
-
Days on market
-
Sold On
-
MLS number
DW25025945
Home ConditionFair
Features
Patio
View-

About this home

The 988 W Glenoaks Blvd Apartment Building is an excellent investment option in the thriving Glendale, CA real estate market. Its prime location, strong rental demand, and potential for value appreciation make it an attractive prospect for investors seeking stable income and long-term growth. This 4 unit building consists of one large 3+2 located spanning the whole bottom level of the structure with a very spacious living room with plenty of natural light, breakfast nook, dinning room, and private patio area This unit also enjoys a two-car garage with an additional entry point right off the patio. The 2+1 unit is also a spacious size and sits above the garages in the rear of the building. The two other units are 1+1s and sit above the 3+2 unit.

Condition Rating
Fair
The property was built in 1948. The images show the exterior and laundry area. The exterior appears to be maintained, but the laundry area shows signs of age and wear. Without interior images of the kitchens and bathrooms, it's difficult to assess their condition definitively, but based on the age and limited visual information, a 'fair' rating is appropriate, suggesting it requires minor updates or repairs.
Pros & Cons

Pros

Prime Location: Located in the desirable Glendale, CA, offering access to amenities, schools, and transportation.
Strong Rental Demand: Glendale's thriving real estate market ensures consistent rental demand, providing stable income potential.
Value Appreciation Potential: The property offers potential for long-term value appreciation in a growing market.
Unit Mix: The building features a diverse unit mix (3+2, 2+1, and two 1+1 units), catering to a variety of tenant needs.
Spacious Units: The 3+2 and 2+1 units are described as spacious, enhancing tenant appeal and potentially commanding higher rents.

Cons

Year Built: Built in 1948, the property may require updates and maintenance to meet modern standards and tenant expectations.
Price Reduction: The property has experienced a price reduction, which may indicate challenges in the current market or perceived issues with the property.
Limited Information on Upgrades: The description lacks specific details about recent upgrades or renovations (besides the 3+2 unit), potentially requiring further investigation into the property's condition.

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