Glendale Multifamily Investment
For Sale
$10,800,000
1818 Vassar St, Glendale, CA 91204
MULTI_FAMILY - Glendale, CA
Property Size25,480 SF
Lot Size0.55 Acres
Price / SF$423.86
Days on Market134
Property Features for 1818 Vassar St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GLR4*
Bedrooms
46
Bathrooms
46
Full bathrooms
3
Rooms
Bathroom 36, Bedroom 4, Bathroom 10, Bathroom 5, Bathroom 16, Bedroom 29, Bedroom 35, Bathroom 20, Bathroom 8, Bathroom 2, Bedroom 31, Bathroom 25, Bedroom 5, Bedroom 44, Bathroom 34, Bathroom 39, Bedroom 20, Bathroom 7, Bathroom 42, Bedroom 19, Bathroom 31, Bedroom 22, Bathroom 43, Bathroom 26, Bathroom 29, Bathroom 38, Bedroom 10, Bathroom 35, Bathroom 21, Bedroom 15, Bedroom 24, Bedroom 9, Bathroom 32, Bedroom 12, Bedroom 43, Bedroom 11, Bathroom 24, Bathroom 46, Bedroom 26, Bedroom 2, Bathroom 27, Bathroom 23, Bathroom 6, Bathroom 15, Bedroom 17, Bedroom 7, Bathroom 1, Bathroom 9, Bedroom 30, Bathroom 4, Bedroom 25, Bedroom 37, Bedroom 1, Bathroom 12, Bedroom 42, Bedroom 27, Bedroom 3, Bathroom 14, Bathroom 11, Bedroom 21, Bedroom 23, Bathroom 45, Bathroom 17, Bedroom 18, Bedroom 13, Bathroom 40, Bedroom 28, Bedroom 32, Bedroom 38, Bathroom 19, Bathroom 3, Bedroom 34, Bedroom 33, Bathroom 13, Bedroom 36, Bedroom 14, Bathroom 41, Bathroom 33, Bathroom 18, Bathroom 22, Bathroom 30, Bathroom 28, Bedroom 16, Bedroom 8, Bedroom 6, Bedroom 39, Bedroom 41, Bedroom 40, Bathroom 37, Bedroom 46, Bedroom 45, Bathroom 44
Parking
52
Elementary school district
Glendale Unified
Middle school district
Glendale Unified
High school district
Glendale Unified
Directions
This great investment opportunity is located in the city of Glendale, near the major intersection of South Brand Blvd and North San Fernando Road. You can enter into the small side street of Vassar Street located just off of Glendale Blvd, which is the beginning of where South Brand Blvd starts.
Subdivision
Glendale-South of 134 Fwy
Standard status
Active
APN
5640-037-037
Size
25,480 SF
Lot size
0.55 Acres
Amenities
on-site laundry
intercom access
Building Details
Year built
1987
Floors in Building
2
Number of units
31
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Shant Sherbetdjian · License #01713570
(626) 657-8150
Added: Mar 20
Changed: Jul 28
Last Checked: Jul 31 at 1:06PM
MLS# 26667623
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Glendale, this multi-story apartment building constructed in 1987 features 31 units. The property, totaling 25,480 square feet, is situated on a 23,990 square foot lot. The unit mix comprises 16 one-bedroom/one-bath units and 15 two-bedroom/1.5-bath units. There are 50 covered parking spaces located in a below-grade garage. The building is fully sprinklered and secured with intercom access. On-site laundry facilities are available. Each unit is individually metered for gas and electricity, while water is master-metered. The property is zoned GLR4*. This asset offers immediate cash flow and value-add potential. Located centrally, the property is a short drive from The Americana at Brand and the Atwater Village Shopping/Retail Corridor. It presents an excellent 1031 Exchange potential.
Key Highlights
- Fully stabilized 31‑unit apartment building built in 1987 in Glendale
- 25,480 SF multi‑story building on a 23,990 SF lot; zoned per listing details
- Unit mix: 16 one‑bedroom/1‑bath units and 15 two‑bedroom/1.5‑bath units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $932.6k | $36.60 |
| − Vacancy | −$60.6k | −$2.38 |
| EGI | $872.0k | $34.22 |
| − OpEx | −$392.4k | −$15.40 |
| NOI | $479.6k | $18.82 |
25,480 SF · lease $36.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$6.85M
$5.99M – $7.99M
NOI $479,573 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.32M
$13.41M – $17.88M
NOI $1,072,702 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
31
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,704
Businesses Nearby
Explore this area
Business Placement
Demographics for 91204, CA
17,302
Population
7,095
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
1.0 sq mi
ZIP Area
17,302
Density / Sq Mi
$72,906
Median Household Income
$41,556
Median Earnings
$1,924
Median Rent
$747,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 31-unit apartment building in Glendale with value-add potential.
Where is this apartment building located?
The property is located at 1818 Vassar St Glendale, CA.
What is the asking price?
The asking price for this property is $10,800,000.
What are key features of this property?
This property features: Fully stabilized 31‑unit apartment building built in 1987 in Glendale; 25,480 SF multi‑story building on a 23,990 SF lot; zoned per listing details; Unit mix: 16 one‑bedroom/1‑bath units and 15 two‑bedroom/1.5‑bath units
