
Closed Listing
12-Unit Downtown Glendale Complex w/ 13.71 GRM
440 w milford st
sold in
Glendale
Sold At
$
4,200,000
12
Number of Units
1979
Year Built
9,476
SF
Square Footage
14,554
SF
Lot Size
GLR4
Zoning
440 W Milford St, Glendale, CA 91203
About the Property
440 W Milford St is a 12-unit courtyard-style complex in the suburban family-oriented neighborhood of Glendale. The property is located on a quiet tree-lined street with a mix of single-family homes, well-maintained apartment buildings and across from Columbus Elementary School. Located 0.8 miles from the heart of Downtown Glendale, this well-maintained property is under a mile from The Americana, Glendale Galleria, and a wide array of popular retailers, cafes, and restaurants along Brand Boulevard. Built-in 1979, the 2-story complex features (5) 2-bdrm. and 2-bath units, (1) 2- bdrm. unit, and (6) 1-bdrm. units. These units reside on a nicely landscaped 14,554 SF double lot zoned GLR4 that presents a possible opportunity to add ADUs (buyer to verify). Property amenities include approx. 18 covered parking spaces, balconies for select units, and controlled access. Please note, The City of Glendale currently allows an 8.8% annual rent increase, 5% + CPI (Consumer Price Index). 440 W. Milford will stabilize at a 6.06% CAP and 11.84 GRM with projected market rents for renovated units. View our other active listings here.
12
Number of Units
1979
Year Built
9,476
SF
Square Footage
14,554
SF
Lot Size
GLR4
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$375,000
Price p/ Sq. ft.
$475
Proforma Cap Rate
6.06




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