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Listed by David Nalbandyan, DRE #01869296 • LA Premier Realty
$ 3,650,000
Est. payment /mo
New
350 W Wilson Glendale, CA 91203
9,741 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26207350
Year Built 1961
Lot Size 9,741 Sqft
Source California Regional MLS
Property Description
The Wilson West Apartment presents a rare opportunity to acquire a well-maintained multifamily asset in the heart of Downtown Glendale, just steps from The Americana at Brand, Glendale Galleria, and premier dining and retail amenities. Offered at a 12.98 GRM and 5.89% cap rate, this asset combines prime location, strong income, and low-maintenance ownership in a premier Glendale location. The property features a highly desirable unit mix of three spacious 2-bedroom/2-bath units and six large 1-bedroom/1-bath units, with each unit averaging approximately 900 square feet, offering tenants generous layouts rarely found in comparable properties. Most units have been recently upgraded, providing strong in-place income with additional long-term upside potential. The building has been thoughtfully maintained and improved, including a newer roof, all copper plumbing, and a new main sewer line, minimizing deferred maintenance and future capital expenditures. With a current gross monthly income of $23,430, the property offers investors stable cash flow, operational efficiency, and long-term appreciation potential in one of Los Angeles County's strongest rental submarkets.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Laundry Community Facility
Exterior
Parking Features Carport
Garage Spaces 9.0
Pool None
Others
Tax ID 5637009020
Special Listing Condition Not Applicable
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