Glendale Multifamily Investment
729 Raleigh St, Glendale, CA 91205
MULTI_FAMILY - Glendale, CA
Property size:
11,424 SFLot size:
0.25 AcresPrice / SF:
$350/SF- Added:
- Mar 31, 2026
- Days on Market:
- 62
- Last Refresh:
- May 31 at 7:06 pm
Property Features for 729 Raleigh St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- GLR4YY
- Bedrooms
- 22
- Bathrooms
- 22
- Rooms
- Bathroom 15, Bathroom 7, Bathroom 16, Bedroom 8, Bedroom 19, Bedroom 2, Bathroom 12, Bathroom 14, Bedroom 6, Bathroom 6, Bathroom 13, Bathroom 20, Bathroom 3, Bedroom 15, Bedroom 11, Bathroom 1, Bedroom 10, Bedroom 16, Bedroom 4, Bathroom 21, Bathroom 5, Bedroom 7, Bedroom 17, Bedroom 3, Bathroom 9, Bedroom 21, Bathroom 17, Bedroom 9, Bathroom 10, Bathroom 2, Bedroom 18, Bathroom 8, Bathroom 19, Bedroom 12, Bedroom 5, Bedroom 1, Bedroom 14, Bathroom 18, Bathroom 4, Bedroom 22, Bathroom 11, Bathroom 22, Bedroom 13, Bedroom 20
- Parking
- 12
- Parking features
- Covered
- Standard status
- Active
- APN
- 5675-013-018
- Size
- 11,424 SF
- Lot size
- 0.25 Acres
Utilities
- Cooling system
- Wall/Window Unit(s)
Building Details
- Year built
- 1964
- Floors in Building
- 2
- Number of units
- 13
Listing agent Michael Pesci License #01274379 (213) 820-1335
Listing office Keller Williams Studio City 12711 Ventura Blvd. Suite 110, Studio City, CA (818) 432-1500
Listing date Mar 31, 2026
MLS# 26671833
Listing URL
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.
HighLights
- Prime Glendale location in a high‑demand rental market.
- Strong unit mix with a high concentration of desirable two‑bedroom/two‑bath units.
- Pride‑of‑ownership property, well‑maintained and in functional layout.
- Individually metered for gas and electric, reducing owner expenses.
- Convenient access to major retail, public transportation and freeways.
- On‑site parking with storage and on‑site laundry facilities for tenants.
Overview
Located in Glendale, 729 Raleigh St is a multifamily property offering an investment opportunity in a high-demand rental market. The property features a unit mix of 2 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, and 10 two-bedroom/two-bath units, totaling 13 units including one non-conforming unit. The concentration of two-bedroom units is attractive to families, professionals, and roommates, contributing to occupancy and rental demand. The building is individually metered for gas and electric. Tenants have access to on-site parking with storage and on-site laundry facilities. The property's condition contributes to long-term tenancy and stable income. The location offers access to retail, dining, and entertainment, including the Glendale Galleria and The Americana at Brand. Residents have access to public transportation, including the Glendale Transportation Center, providing connectivity throughout Los Angeles County. The property is centrally located with access to State Route 134, State Route 2, and Interstate 5, allowing travel to surrounding employment centers including Burbank, Pasadena, Downtown Los Angeles, and the greater San Fernando Valley. The property is situated on a lot of approximately 0.2474 acres and the building size is approximately 11424 square feet.
Local 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 | $418.1k | $36.60 |
| − Vacancy | −$27.2k | −$2.38 |
| EGI | $390.9k | $34.22 |
| − OpEx | −$175.9k | −$15.40 |
| NOI | $215.0k | $18.82 |
11,424 SF · lease $36.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.07M
$2.69M – $3.58M
NOI $215,017 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.87M
$6.01M – $8.02M
NOI $480,948 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Glendale
- County
- Los Angeles
- State
- California
- Longitude
- -118.245609
- Latitude
- 34.1383529
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 13-unit property in a desirable Glendale location.
Where is this apartment building located?
The property is located at 729 Raleigh St Glendale, CA.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Prime Glendale location in a high‑demand rental market.; Strong unit mix with a high concentration of desirable two‑bedroom/two‑bath units.; Pride‑of‑ownership property, well‑maintained and in functional layout.
