10-Unit Multifamily with
1118 Western Ave Glendale, CA 91201
New
For Sale
$2,748,900
Built in 1950, this 10-unit apartment property offers carports for 8 vehicles plus 2 uncovered spaces.
Property Size6,212 SF
Lot Size0.35 Acres
Price / SF$442.51
Days on Market2
Property Features for 1118 Western Ave
General Information
- Standard status
- Active
- Size
- 6,212 SF
- Lot size
- 0.35 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency:
RE/MAX Masters
(626) 967-1779
Listed By:
Cesar Navarro · License #01250916
(626) 967-1779
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 6:05AM
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 RE/MAX Masters
Investment Insights
Based on property information with market context.
1118 Western Ave is a 10-unit apartment building built in 1950, set on a 15,280 square foot lot. The property offers approximately 6,212 square feet of livable space and features a unit mix configured for 10 total bedrooms and 10 bathrooms. Interior details include classic wood floors, and parking is provided via dedicated carports for 8 vehicles plus 2 additional uncovered spaces.
The building is located in Glendale’s Grandview neighborhood and is described as being about 2 miles from downtown Burbank, with major entertainment employers including The Walt Disney Studios and Warner Bros. WalkScore is 35 (car-dependent), with Somewhat Bikeable and Some Transit scores also noted.
Additional nearby amenities are described as being within minutes of three local shopping centers and Glendale schools. The offering is presented as a value-add opportunity, including potential for renovation to support higher rents.
The building is located in Glendale’s Grandview neighborhood and is described as being about 2 miles from downtown Burbank, with major entertainment employers including The Walt Disney Studios and Warner Bros. WalkScore is 35 (car-dependent), with Somewhat Bikeable and Some Transit scores also noted.
Additional nearby amenities are described as being within minutes of three local shopping centers and Glendale schools. The offering is presented as a value-add opportunity, including potential for renovation to support higher rents.
Key Highlights
- Built in 1950, 10‑unit apartment building with 6,212 SF of livable space on a 15,280 SF lot
- Unit mix totals 10 bedrooms and 10 bathrooms across the 10 units
- Dedicated carports for 8 vehicles plus 2 uncovered parking spaces
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 | $227.4k | $36.60 |
| − Vacancy | −$14.8k | −$2.38 |
| EGI | $212.6k | $34.22 |
| − OpEx | −$95.7k | −$15.40 |
| NOI | $116.9k | $18.82 |
6,212 SF · lease $36.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $116,919 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.74M
$3.27M – $4.36M
NOI $261,524 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Built in 1950, this 10-unit apartment property offers carports for 8 vehicles plus 2 uncovered spaces.
Where is this apartment building located?
The property is located at 1118 Western Ave Glendale, CA.
What is the asking price?
The asking price for this property is $2,748,900.
What are key features of this property?
This property features: Built in 1950, 10‑unit apartment building with 6,212 SF of livable space on a 15,280 SF lot; Unit mix totals 10 bedrooms and 10 bathrooms across the 10 units; Dedicated carports for 8 vehicles plus 2 uncovered parking spaces
