$18,899,983*
●
Multifamily -
Off Market
730 W Doran Street
Glendale, CA 91203
Studio
0 Bath
$11,696,000 - $14,294,000
Reference Base Price*
45.44%
Since Jan 1, 2020
CA-Los Angeles
Primary Model
About This Property
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.
Unit Size
-
Days on Market
-
Land Size
35,919.00 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 20, 2019 | No longer available | - | |
No longer available | |||
Dec 16, 2019 | Relisted | $12,995,000 | |
Relisted | |||
Dec 15, 2019 | No longer available | - | |
No longer available | |||
Dec 5, 2019 | Relisted | $12,995,000 | |
Relisted | |||
Nov 28, 2019 | No longer available | - | |
No longer available |
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Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/12/2019
|
|
Studio
|
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|
-
|
$12,995,000
Studio
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