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Appointment to See
$12,995,000
730 W Doran Street
Glendale, CA 91203

35,919 SqFt Lot
0.8246 Acres
Land


Status:Active
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.
Basics
Property Type:   Land
Lot Size:   35,919 SqFt Lot
Lot Acres:   0.8246 Acres
Year Built:   2007
MLS#:   SR19218765
     
Home Features
Central Air
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Listing Agent: Levon Alexanian    Listing Broker: Keller Williams World Media Center    Agent Phone: 8182393500    Broker Phone: 8182393500   

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