655 Ivy Street

655 Ivy Street is a rare opportunity for an investor interested in a value-add multi-family property. Just 15 minutes from Downtown Los Angeles, yet not subject to LA rent control, presents an already cash-flowing property that can quickly become a once in a decade investment opportunity. This family owned property will greatly benefit with a more modern investing strategy. Located in the growing city of Glendale, this investment will provide growth no matter the season of the real estate market.

• Only Subject to CA AB1482

• Annual Rent Increase up to 10%

• Long History of Stable Cashflow

• High Pro-Forma Cap-Rate, Large Rental Upside

• Central Location in the popular city of Glendale

• Convenient Access to transportation, grocery stores, schools, and restaurants

LOCATION OVERVIEW

Just minutes from The Americana at Brand and the Glendale Galleria, this property sits in a prime central Glendale location, with transportation, groceries, shopping, schools, and restaurants at your fingertips.

PROPERTY SUMMARY

Number of Units: 12

Lot Size: 0.32 Acres

Building SF: 9,273

Parking: Detail

Year Built: 1963

Property Type: Multi-Family

Heating & Cooling

Legal Lot Number: 17

Number of Beds: 25

Number of Baths: 12

Number of Buildings: 1

Stories: 2

Zoning Code: GLR4P

County: Los Angeles County

APN: 5695002008