Fourplex With Detached
For Sale
$1,300,000
1029 Ruberta, Glendale, CA 91201
1941-built fourplex with four 1-bedroom units, walk-in closets, and detached single-car garages.
Property Size2,278 SF
Days on Market96
Property Features for 1029 Ruberta
General Information
Standard status
Active
Size
2,278 SF
Total Parking Spaces
4
Property subtype
MULTI_FAMILY
Occupancy
100%
Site & Location
Neighborhood
Grand Central
Additional Details
Multifamily Units
4
Amenities
garden
walk-in closets
built-in cabinets
Building Details
Building Size
2,278 SF
Year Built
1941
Listing Agency:
Engel & Volkers Burbank
Listed By:
Franchesca McWhorter · License #01242733
(818) 429-7215
Source:
Milsteinestates
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 23 at 12:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers Burbank
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Investment Insights
Based on property information with market context.
Very nice fourplex built in 1941 with four 1-bedroom, 1-bath units. Units include built-in cabinets in the dining area and walk-in closets, with front and rear door access to each unit. Heating is provided by gas floor furnaces. The property also features an attractive garden with a sprinkler system and an asphalt driveway.
Four detached single-car garages are included, and all four units and garages are currently rented. The roof was replaced in 2025, subject to inspection. The main plumbing supply line is identified as having cooper plumbing.
The offering is being sold as a 1031 exchange. The buyer is responsible for verifying all information, including development potential, square footage, lot dimensions, and permits, and no rent control is noted. Drive by only; please do not disturb tenants.
Four detached single-car garages are included, and all four units and garages are currently rented. The roof was replaced in 2025, subject to inspection. The main plumbing supply line is identified as having cooper plumbing.
The offering is being sold as a 1031 exchange. The buyer is responsible for verifying all information, including development potential, square footage, lot dimensions, and permits, and no rent control is noted. Drive by only; please do not disturb tenants.
Key Highlights
- 1941‑built fourplex with four 1‑bedroom, 1‑bath units
- Each unit features walk‑in closets and built‑in cabinets in the dining area
- Front and rear door access to all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,375
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,500
$987.5K
Cap Rate 7%
$705,357
$705.4K
Cap Rate 9%
$548,611
$548.6K
Market Conditions
NOI Build-Up for 2,278 SF
Gross rent
$75.2K $33.00/SF
− Vacancy
−$4.6K −$2.04/SF
EGI
$70.5K $30.96/SF
− OpEx
−$21.2K −$9.29/SF
NOI
$49.4K $21.67/SF
Area
Glendale, CA
Vacancy
6.17%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,500
Cap Rate 7%
$705,357
Cap Rate 9%
$548,611
Alternative Uses
Best Use
Multifamily LT 5
$705.4K
$617.2K – $822.9K
NOI $49,375 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$612.5K
$535.9K – $714.6K
NOI $42,875 @ 7.0% cap · market cap 3.30%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,903 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,045
Businesses Nearby
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Business Placement
Demographics for 91201, CA
22,608
Population
8,570
Households
2.6
Avg Household Size
43
Median Age
34%
College-Educated
86%
High-School Grad
2.4 sq mi
ZIP Area
9,420
Density / Sq Mi
$74,980
Median Household Income
$44,444
Median Earnings
$2,034
Median Rent
$1,060,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - 1941-built fourplex with four 1-bedroom units, walk-in closets, and detached single-car garages.
Where is this quadplex located?
The property is located at 1029 Ruberta Glendale, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1941‑built fourplex with four 1‑bedroom, 1‑bath units; Each unit features walk‑in closets and built‑in cabinets in the dining area; Front and rear door access to all units
