423 Raymond Avenue

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423 Raymond Avenue

Glendale, CA 91201
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located in the established Glendale residential market.
  • Property features three individual apartment units.
  • Situated at the 423 Raymond Avenue address.
  • Positioned within the 91201 zip code area.
  • Multifamily asset suitable for long-term rental income.

What's Special

Glendale serves as a prominent commercial and residential hub within the Greater Los Angeles area, benefiting from proximity to major transit corridors and a dense, established population base. This multifamily apartment building, situated at 423 Raymond Avenue, provides a residential investment option in this highly sought-after Southern California submarket. The property consists of 3 units, offering a manageable scale for investors looking to expand or stabilize a regional portfolio. Its position within the 91201 zip code places residents near essential local infrastructure and employment centers, making it a functional choice for workforce or long-term rental housing. Given the sustained demand for housing throughout Glendale, this asset type remains a staple for those seeking consistent income streams in an infill market. Prospective owners can leverage the property for long-term residential leasing strategies in an area characterized by its steady demographic profile and consistent demand for multi-family accommodations.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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