Add to Favorites Add to Favorites
Add to Favorites
For Sale

$8,100,000

1060 Raymond Avenue
Glendale, CA 91201

Sqft 16,169 sqft
1060 Raymond Avenue, a 20-unit apartment located in the highly desirable city of Glendale, bordered by the City of Burbank. The property offers superb location with access to many amenities, within walking distance to IKEA Burbank, Burbank Downtown, many shopping centers, close to schools, parks, local and national retailers, dining and upscale shopping, entertainment, and easy access to freeways (5 FWY and 134 FWY). This is the first time it has been offered for sale by the current owner that built it, and most of the tenants are long-time tenants that are on month-to-month lease. This provides significant upside potential to add value by increasing rent and return. 1060 Raymond is a beautifully maintained garden style apartment community built in 1987. Due to its newer construction, it offers many desirable amenities such as gated, subterranean parking, secured entrance, central A/C and heating in each unit, copper piping, and much more. It is situated on a quiet residential street surrounded by other a single-family and condominium communities. It offers a superb unit mix of (1) 3 bed + 2 bath unit, (11) 2 bed + 2 bath units, (7) 1 bed + 1 bath units, and (1) Studio unit with a total of 24 gated parking spaces on a large lot size of a 14,837 SF with a total building size of a 16,169 SF. The property has an excellent curb appeal and has been well maintained throughout current ownership with no known deferred maintenance with recently incorporated cost-efficient features such as, electricity generating solar system (zero electric bill a a seller receive credit from electric provider), electric eye, 600-gallon solar water central heating system ( a $30,000 upgrade a a buyer to verify), newer polyurethane roof, dual-pane windows, new air conditioning units, on-site laundry (machines owned), central A/C and heating, and central hot water system with solar panels. Each unit offers a generous layout, recessed lighting Read More

Market Status
Available
Last Updated
September 16, 2021

Property Type
Multi Family
Year Built
1987
Stories
2
Home Owner Asso.
Community Laundry Facility(s)
Laundry Facilities
-
MLS Area
626 - Glendale-Northwest

Local Market Conditions

There are currently 74 properties for sale in the Glendale, CA area with the average listing price of $1,325,933. This represents a decrease of -1.0% over the previous week. The 2 bedroom homes saw the largest decrease in the average listing price over the previous week with a -3.9% decrease. To learn more about the Glendale, CA area, contact a local expert!

Market Snapshot for Glendale, CA

Avg. Listing Price

$1,325,933

Wk ending Sep 4

$-13,129

-1.0%

w-o-w

74

41

24

24

6

3

Average Listing Price for Glendale, CA
No. BedroomsNo. Beds Week Ending
(Sep 4)
w-o-w Week Ending
(Aug 28)
Week Ending
(Aug 21)
Week Ending
(Aug 14)
All PropertiesAll $1,325,933 -1.0% $1,339,062 $1,317,263 $1,368,784
1 bedroom1 BR $899,000 +0.0% $899,000 $899,000 -
2 bedrooms2 BR $1,019,075 -3.9% $1,060,243 $994,082 $1,033,540
3 bedrooms3 BR $1,395,662 +1.3% $1,377,926 $1,360,179 $1,414,995
4 bedrooms4 BR $1,443,268 -1.4% $1,464,033 $1,439,044 $1,460,199

Home loan
Need a Home Loan?
Take the first step to secure financing for your home.

Listing Provided By:

Handoko Chen

GIG Real Estate Inc.

Phone
This $8,100,000 Multi Family at 1060 Raymond Avenue in Glendale, CA is presented by Handoko Chen. This $8,100,000 Multi Family, located in the 91201 zip code, has the following property features: Home Owner Asso., Laundry Facilities, MLS Area. This 1060 Raymond Avenue Multi Family is listed under MLS listing number AR21147571 and has a listing price of $8,100,000. You can find more Glendale homes for sale here.

Data Provided by California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. (CRMLS) and is protected by all applicable Copyright 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Information deemed reliable but not guaranteed.

Copyright© 2021, California Regional Multiple Listing Service, Inc. All rights reserved.