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650 W Wilson
Glendale, CA 91203
Asking Price
$2.30M
Cap Rate
5.8%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Prime Glendale 8-Unit | MASSIVE VALUE-ADD OPPORTUNITY | ADU BID IN HAND <ul><li>Generational asset, first time ever on the market, located in the heart of Glendale</li><li>Massive value-add opportunity! Both 1Bed/1Bath units in the rear building will be delivered vacant. ADU bid already in hand to convert both vacant units and add an additional unit, creating the potential for a 9th unit. Buyer can beginconstruction immediately after closing</li><li>5.80% current cap rate with a conservative 6.92% pro forma, offering strong in place returns with clear upside.</li
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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.19%
Monthly Payment
$11,374.198
Annual Cash Flow
$-56,490.371
