$3,240,000
SOLD AUG 29, 2025
3 Beds
2 Baths
7,866 Sq Ft
8,775 Sq Ft Lot

Recently Sold

$412 Per Sq Ft

2% Below List Price

11 Days on Market

About This Home

As of August 2025

First Time on the Market – Prime 8-Unit Multifamily Opportunity in Glendale (91207)

We are proud to present this rare 8-unit multifamily investment opportunity, offered for the first time ever in one of Glendale’s most desirable rental pockets. Situated in the prestigious 91207 zip code, between Brand Blvd and cross st Louise, this well-maintained property has been held by the same family for decades and shows pride of ownership throughout.

Offered at a current cap rate of 5.4% (buyer to verify), this is a unique chance to acquire a high-performing asset with strong in-place cash flow in a premium location.

Recent capital improvements include:

* New roof

* Copper plumbing

* Dual-pane windows

* New sewer line

* Select units tastefully remodeled

* Numerous other upgrades over the years

The unit mix features an ideal configuration of seven (7) 2-bed/1-bath units and one (1) 1-bed/1-bath unit. Amenities include ample on-site parking, individual water heaters, and a common area laundry room, enhancing both tenant convenience and long-term operational efficiency.

Tenants enjoy exceptional walkability, with Trader Joe’s, Coffee Bean, Walgreens, and a variety of shops, cafes, and restaurants just a short stroll away

Last Agent to Sell the Property

Levon Alexanian

Keller Williams World Media Center Brokerage Email: info@alexanianadvisors.com License #00911091 Listed on: 07/28/2025

Keller Williams World Media Center

Last Buyer's Agent

Haik Karapetian

Keller Williams R. E. Services License #02202552

Keller Williams R. E. Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,775 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 7,866 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Legal Lot and Block 1 / 13
  • Assessor Parcel Number 5644010022
  • $780 per year additional tax assessments

Community Details

Recreation

  • Hiking Trails

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $61,680
  • Gross Income $20,303
  • Net Operating Income $177,083

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5644010022
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 411.90

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Hiking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8775.00
  • Lot Size Acres: 0.2014

Multi Family

  • Gross Income: 20303.00
  • Gross Scheduled Income: 243636.00
  • Lot Size Area: 8775.0000 Square Feet
  • Net Operating Income: 177083.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 61680.00
  • Rent Control: No
  • Total Expenses: 61680.00

Tax Info

  • Tax Block: 13
  • Tax Census Tract: 3011.00
  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 780.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2025 08/29/25 Sold $3,240,000 -1.8% $412 / Sq Ft
08/08/2025 08/08/25 Pending -- -- --
07/28/2025 07/28/25 For Sale $3,300,000 -- $420 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25169304

California Regional Multiple Listing Service (CRMLS)