Douglas Elliman is pleased to present the exclusive listing of 501 Raleigh Street, a 6-unit apartment building located in the prestigious city of Glendale, California. Built in 1986, this building has an attractive unit mix of four (4) 2-Bed/2-Bath units and two (2) 3-Bed/2-Bath units. The Offering sits on a single parcel of 7,125 square feet of R2250 zoned land. Almost all units have been completely renovated and are currently commanding strong rents. The Asset is positioned just off the South Glendale Avenue thoroughfare and allows tenants to enjoy the short drive to The Americana At Brand and other premier retail businesses along Brand Boulevard.In the past decade, Glendale has emerged as one the most desirable suburbs outside of Los Angeles, boasting excellent educational programs, safe neighborhoods, and its elegant downtown area. The city has become home for many prominent employers including DreamWorks Animation, The Walt Disney Company, Cisco, Cigna, and Cedars-Sinai. The Property offers an investor to capitalize on rental growth while subsiding market risk by operating a robust asset that lies within a resilient submarket. Notably, Glendale also serves as a junction for traveling into Downtown Los Angeles, San Fernando Valley, and San Gabriel Valley.
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