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401 Raymond Avenue Glendale, CA 91201
$4,250,000 27 beds, 15 baths
13, 863 sqft
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Agent Remarks

401 Raymond Ave, a 14 unit apartment building located in Glendale, a neighborhood in the San Fernando Valley. Built in 1964, the property consists of(3) one-bedroom + one-bathroom units, (10) two-bedroom + one-bathroom units and (1) two-bedroom+ two-bathroom units. The building is 13,863 gross square feet and sits on a 16,940 square foot lot.401 Raymond Ave is located on a charming, tree-lined street in Glendale. There is no shortage of activities to explore in the area. From shopping at the Burbank Town Center or Glendale Galleria to exploring Griffith Park and Stough Canyon, just a few miles away.Glendale lies at the eastern end of the San Fernando Valley, the location provides convenient access to the 134 and 5 freeways, further extending the area's connectivity to the rest of Los Angeles.401 Raymond Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 3.99% with the ability to improve to a6.35% CAP rate once units turnover.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25508487
List price is $4,250,000
Beds: 27
Baths: 15
Built in 1964
13,863 sqft
0.39 acres
Lot size: 0.3890
County: Los Angeles
Zoning: GLR3YY
Parking description: Carport
Heating/cooling: None
Heating description: None
MLS area: 626 - Glendale-Northwest

Last Updated: 3/15/2025

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This listing belongs to the 626 - Glendale-Northwest MLS area

Lat/Long: 34.163278, -118.300152.
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Listing Agent: Michael Kamara
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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