Townhome-Style Multifamily with
For Sale
$3,995,000
Pending
1137 Irving Ave, Glendale, CA 91201
1964 multifamily with townhome-style layouts, tuck-under parking, and coin laundry at both buildings, currently 100% occupied.
Property Size10,896 SF
Days on Market101
Property Features for 1137 Irving Ave
General Information
Standard status
Pending
Size
10,896 SF
Property subtype
Investment
Occupancy
100%
Site & Location
Neighborhood
Grand Central
Highway Access
Yes
Amenities
coin laundry
Building Details
Building Size
10,896 SF
Year Built
1964
Stories
2
Tenancy
Multi
Listing Agency:
eXp Realty of Greater Los Angeles, Inc.
Listed By:
Brent Ballard · License #01297151
(818) 919-0282
Source:
Elliman
Added: Jul 24
Changed: Oct 27
Last Checked: Oct 30 at 4:36PM
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 eXp Realty of Greater Los Angeles, Inc.
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Investment Insights
Based on property information with market context.
Built in 1964, this two-parcel multifamily totals 10,896 square feet and features townhome-style floor plans. Units are predominantly two-bedroom, with two three-bedroom homes, and the buildings share a common driveway with tuck-under parking. Coin laundry is available at both buildings as a secondary income stream.
The property is located in northwest Glendale bordering Burbank, minutes from Downtown Glendale and the Americana at Brand, with access to the Media District and major employers including Disney and Warner Bros. I-5 and SR-134 access are also nearby.
The community is 100% occupied, generating $24,680 in monthly income and supporting stable day-one cash flow. The two-parcel site layout may also present potential ADU opportunities under California’s multifamily ADU statutes, subject to buyer verification with the City of Glendale.
The property is located in northwest Glendale bordering Burbank, minutes from Downtown Glendale and the Americana at Brand, with access to the Media District and major employers including Disney and Warner Bros. I-5 and SR-134 access are also nearby.
The community is 100% occupied, generating $24,680 in monthly income and supporting stable day-one cash flow. The two-parcel site layout may also present potential ADU opportunities under California’s multifamily ADU statutes, subject to buyer verification with the City of Glendale.
Key Highlights
- 1964‑built multifamily totaling 10,896 SF across two parcels with townhome‑style floor plans
- Predominantly 2‑bedroom units, with two 3‑bedroom units
- 100% occupied with $24,680/month in income and stable day‑one cash flow
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$205,080
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,101,600
$4.1M
Cap Rate 7%
$2,929,714
$2.9M
Cap Rate 9%
$2,278,667
$2.3M
Market Conditions
NOI Build-Up for 10,896 SF
Gross rent
$398.8K $36.60/SF
− Vacancy
−$25.9K −$2.38/SF
EGI
$372.9K $34.22/SF
− OpEx
−$167.8K −$15.40/SF
NOI
$205.1K $18.82/SF
Area
Glendale, CA
Vacancy
6.50%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,101,600
Cap Rate 7%
$2,929,714
Cap Rate 9%
$2,278,667
Alternative Uses
Best Use
Apartment 5plus
$2.93M
$2.56M – $3.42M
NOI $205,080 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.55M
$5.73M – $7.65M
NOI $458,719 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,141
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?
Multifamily property - 1964 multifamily with townhome-style layouts, tuck-under parking, and coin laundry at both buildings, currently 100% occupied.
Where is this multifamily property located?
The property is located at 1137 Irving Ave Glendale, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 1964‑built multifamily totaling 10,896 SF across two parcels with townhome‑style floor plans; Predominantly 2‑bedroom units, with two 3‑bedroom units; 100% occupied with $24,680/month in income and stable day‑one cash flow
