1001 Melrose

 

1001 Melrose Ave | Glendale, California | 91202

$20,000,000


About

  • Units: 63
  • Land Size: 34,509 SF
  • Building Size; 47,950 SF
  • Parking: 67 Assigned
  • Year Built: 1962

Agents


additional information

  • Beautiful 63 unit complex in prime Glendale, California just north of the 134 freeway
  • Add-value potential to renovate unit interiors and resident amenities
  • Modernizing unit interiors with high-end kitchens, bathrooms and floors could yield 25% more revenue each year from rent increases
  • Current owners invested $1.3 million in CAPEX property improvements from 2012-2016
  • Breathtaking views of the Verdugo Mountains and downtown Glendale
  • Property offers a list of on-site amenities
  • Rooftop currently has a private penthouse unit and a resident gym. Additional space available for a unique lounge add-on
  • Common areas have been renovated, but further luxury decor, floors and amenities could transform the spatial experience
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