1134 E Doran St, Glendale, CA 91206

Property Description

We are pleased to present 1134 E Doran St, a 8 unit apartment building located in Glendale, a neighborhood in the San Fernando Valley. Built in 1971, the property consists of (7) two-bedroom + one-bathroom units and (1) three-bedroom + one-bathroom unit. The building is 6,359 gross square feet and sits on a 7,524 square foot lot.1134 E Doran St is located on a charming, tree-lined street in Glendale. There is no shortage of activities to explore in the area. From shopping at the Burbank Town Center or Glendale Galleria to exploring Griffith Park and Stough Canyon, just a few miles away. Glendale lies at the eastern end of the San Fernando Valley, the location provides convenient access to the 134 and 5 freeways, further extending the area's connectivity to the rest of Los Angeles.1134 E Doran St represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.79% with the ability to improve to a 7.22% CAP rate once units turnover.***Some of the units may have been converted to add an extra bedroom. Please contact listing agent for more details.