We are pleased to present 1025 Winchester Avenue, a 6-unit apartment building located in Grandview neighborhood of Glendale. 1025 Winchester has an excellent unit mix of five 2Bed/1Bath units and one 3Bed/1.5Bath unit. Built in 1960, the property is comprised of 5,652 square feet of improvements and sits on a 7,645 square foot lot with on-site parking for six cars and laundry facilities. The property has been well maintained over the years and has little to no exterior deferred maintenance. The landscaping is minimal, and the expenses are relatively low for this asset. The current rents are under market for the area and the property has approximately 53% in rental upside, allowing an investor to capture this upside through interior renovations at the time of vacancies. Located just east of Western Avenue and south of Glenoaks Boulevard, the property has a walk score of 77 and is just a short drive to many of the local shops, restaurants, schools, and places of business along the Glenoaks Boulevard and San Fernando Boulevard thoroughfares. The property is also near Downtown Burbank and the Media City Center, Ikea, The Home Depot, Disney Television Animation, The Burbank Studios, Warner Bros. Studios, Disney Studios, Griffith Park and much more. For commuters, the property is within minutes of the 5 Freeway with ease of access to the 134 and 101 Freeways.
isidro@alturasrealty.com
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