1004 East Garfield Avenue Glendale, CA 91205
Well-maintained 8-unit building built in 1987 with an all–two-bedroom layout in central Glendale.
- Added:
- Jun 29, 2026
- Days on Market:
- 14
- Last Refresh:
- Jul 4 at 3:04 am
Property Features for 1004 East Garfield Avenue
General Information
- Standard status
- Active
- Size
- 7,578 SF
- Lot size
- 0.19 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1987
Listing office Equity Union
Listing date Jun 29, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Equity Union
Investment Insights
Based on property information with market context.
Located in the heart of Glendale, the property benefits from convenient access to major shopping and employment destinations. Residents are positioned near Downtown Glendale and well-known local hubs, with proximity to major transportation corridors. The area also offers a broad range of dining, retail, and entertainment options.
This asset is suited for investors seeking a straightforward 8-unit strategy centered on a uniform two-bedroom tenant profile. With an in-place underwriting profile cited around a 5.50% cap rate and current gross rent multiplier of 11.90, the property is presented as capable of producing immediate income while allowing for future operational and rent optimization consistent with its residential demand fundamentals in Glendale.
Key Highlights
- 8‑unit multifamily property built in 1987 located at 1004 E Garfield Avenue in Glendale, CA.
- All units are 2‑bedroom apartments, providing a uniform unit mix across the entire building.
- Approximately 7,578 sq ft of improvements on an 8,276 sq ft lot.
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 | $277.4k | $36.60 |
| − Vacancy | −$18.0k | −$2.38 |
| EGI | $259.3k | $34.22 |
| − OpEx | −$116.7k | −$15.40 |
| NOI | $142.6k | $18.82 |
