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$3,145,000
Est. payment /mo
6,991 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-22669
HOA Y/N No
Year Built 1987
Lot Size 6,991 Sqft
Property Description
Offered at $3,145,000, 540 W Wilson Ave is a rare 7-unit multifamily asset located in the heart of Glendale, one of Southern California's most stable and high-demand rental markets.Built in 1987, the property features a desirable unit mix of all 2-bedroom, 1.5-bath units totaling 5,936 square feet on a 6,992 square foot lot. The building is fully occupied with long-term tenants and offers clear rental upside. Recent capital improvements include a brand-new roof, new central A/C systems. With copper plumbing, and 80's construction electrical systems, reduces near-term maintenance needs and enhances long-term value. Shared amenities include a community laundry room and 12 on-site parking spaces, increasing tenant appeal and operational efficiency.This turnkey investment is centrally located near Glendale Galleria, The Americana at Brand, major employers, public transit, and freeway access--making it a magnet for working professionals and families alike.Known for its top-rated schools, low vacancy, and strict development limits, Glendale remains one of the most desirable submarkets for multifamily investment in Los Angeles County. With strong in-place income, quality improvements, and room for future rent growth, this property presents an ideal opportunity for 1031 exchange buyers, long-term holders, or investors seeking durable cash flow with upside in a proven market.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Heating Forced Air, See Remarks
Cooling Central Air, See Remarks
Fireplaces Type None
Fireplace No
Appliance Free-Standing Range
Laundry Common Area
Exterior
Parking Features See Remarks
Fence Stucco Wall
Pool None
Community Features Sidewalks
View Y/N No
View None
Roof Type See Remarks
Total Parking Spaces 12
Private Pool No
Building
Story 2
Others
Senior Community No
Tax ID 5638003057
Energy Description 2941.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Listed by Melina Kalachian • Keller Williams Realty
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