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
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.