$3,795,000

Estimated payment $23,658/month

Total Views 56,678
3 Beds
3 Baths
8,086 Sq Ft
$469 Price per Sq Ft

About This Home

The Wilson West Apartment presents a rare opportunity to acquire a well-maintained multifamily asset in the heart of Downtown Glendale, just steps from The Americana at Brand, Glendale Galleria, and premier dining and retail amenities. The property features a highly desirable unit mix of three spacious 2-bedroom/2-bath units and six large 1-bedroom/1-bath units, with each unit averaging approximately 900 square feet, offering tenants generous layouts rarely found in comparable properties. Most units have been recently upgraded, providing strong in-place income with additional long-term upside potential. The building has been thoughtfully maintained and improved, including a newer roof, all copper plumbing, and a new main sewer line, minimizing deferred maintenance and future capital expenditures. With a current gross monthly income of $22,488, the property offers investors stable cash flow, operational efficiency, and long-term appreciation potential in one of Los Angeles County’s strongest rental submarkets. Offered at a 14.06 GRM and 5.31% cap rate, this asset combines prime location, strong income, and low-maintenance ownership in a premier Glendale location

Listing Agent

David Nalbandyan

LA Premier Realty Brokerage Email: info@lapremierrealty.com License #01869296 Listed on: 02/18/2026

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1961

Lot Details

  • 9,741 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 9 Car Garage
  • Carport
  • Parking Available

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 8,086 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Water Not Available

Listing and Financial Details

  • Legal Lot and Block 32 / 8
  • Tax Tract Number 1
  • Assessor Parcel Number 5637009020
  • $975 per year additional tax assessments

Community Details

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,926
  • Gardener Expense $1,800
  • Insurance Expense $3,750
  • Trash Expense $3,318
  • Water Sewer Expense $6,437
  • New Taxes Expense $42,694
  • Operating Expense $62,425
  • Gross Income $271,836
  • Net Operating Income $209,411

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1961

Lot Details

9,741 Sq Ft Lot

Parking

9

Listing Details

  • CapRate: 5.39
  • Property Attached: No
  • Water Sewer Expenses: 6437.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5637009020
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 469.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3318.00
  • Water Source: None

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9741.00
  • Lot Size Acres: 0.2236

Multi Family

  • Fuel Expense: 1926.00
  • Gross Income: 271836.00
  • Gross Multiplier: 13.96
  • Gross Scheduled Income: 271836.00
  • Insurance Expense: 3750.00
  • Lot Size Area: 9741.0000 Square Feet
  • Net Operating Income: 209411.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 62425.00
  • Rent Control: No
  • Total Expenses: 62425.00

Tax Info

  • New Taxes Expense: 42694.00
  • Tax Block: 8
  • Tax Lot: 32
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 975.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $37,923 $3,398,836 $1,363,864 $2,034,972
2024 $37,443 $3,332,193 $1,337,122 $1,995,071
2023 $36,600 $3,266,856 $1,310,904 $1,955,952
2022 $35,977 $3,202,800 $1,285,200 $1,917,600
2021 $20,736 $1,796,417 $1,258,139 $538,278
2020 $20,446 $1,783,248 $1,245,239 $538,009
2019 $22,060 $1,942,764 $1,270,290 $672,474
2018 $19,591 $1,714,208 $1,196,886 $517,322
2016 $18,621 $1,642,599 $1,150,410 $492,189
2015 $18,252 $1,617,926 $1,133,130 $484,796
2014 $18,139 $1,586,234 $1,110,934 $475,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/18/2026 02/18/26 For Sale $3,795,000 +20.9% $469 / Sq Ft
05/07/2021 05/07/21 Sold $3,140,000 -0.3% $388 / Sq Ft View Prior Sale
03/03/2021 03/03/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $3,149,000 -- $389 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $3,140,000 New Title Company Name
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Chicago Title Co
Grant Deed -- Chicago Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $1,570,000 Construction
Closed $1,000,000 Construction
Closed $1,000,000 Construction
Closed $760,000 Commercial
Closed $813,000 Commercial
Source: Public Records

About the Listing Agent

David Nalbandyan

LA Premier Realty

(747) 529-3946

Section Image

David Nalbandyan is a UCLA graduate and licensed Real Estate Broker with over 18 years of experience representing luxury homes and investment properties across Los Angeles. As the cofounder of LA Premier Realty, established in 2013, David has built a boutique brokerage known for its discretion, integrity, and results-driven approach.

With a professional background in accounting and finance (former CPA), David brings a level of analytical insight that sets him apart in the competitive Los

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB26036893

California Regional Multiple Listing Service (CRMLS)
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