730 W Doran Street Glendale, CA 91203

$12,995,000 

730 W Doran Street

 
Year Built: 2007
Land: 0.82 acres (approx.)
MLS ID: SR19218765
We are pleased to be retained as exclusive advisor for the Doran Lofts, a truly one of a kind asset and offering located in Glendale, CA. Great unit mix of 75% 2 bedrooms and unit sizes ranging from 1,341 to 1,641 sqft. Being offered with an in place 4% CAP, and ease of upside to 4.4% CAP. Furthermore, Doan Lofts was designed, built and individually parceled as condominiums - offering a phenomenal additional exit strategy. The modern luxury asset sits on a signalized corner lot, just shy of an acre. From high grade construction materials to designer selected finishes, this remarkable asset provides an investor a turn-key pride of ownership hold. Rare opportunity to not only penetrate a high barrier to entry market, but also to acquire a trophy asset with great curb appeal & recognition. The over-sized unit sizes and generous outdoor patio/deck spaces, provide a lacking component in most newly constructed assets. Low operating costs due to high grade construction design makes for a truly ease of management asset. Current average rent of $2.04/ per sqft is considerably below other luxury assets in Glendale averaging $3.17 rent per sqft, offering ease of upside. Built in 2007, property is non-rent-controlled.


 
 
Listing Courtesy of:
Keller Williams World Media Center
Levon Alexanian
mes1448236800

Interior Features

Design Features
Fireplace(s): Gas
Heating & Cooling
Central Air
Central

Exterior Features

Type of Property
ResidentialIncome
Garage/Parking
Parking Lot Bays: 46.00
Other Features
None

Property/Lot Details

Lot Location
16-20 Units/Acre
Corner Lot
This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. EQUAL HOUSING OPPORTUNITY
 
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