Apartment Building with Tuck-Under
For Sale
Under Contract
$3,995,000
1137 Irving Avenue, Glendale, CA 91201
Glendale, CA
Property Size10,896 SF
Lot Size0.31 Acres
Price / SF$366.65
Days on Market102
Property Features for 1137 Irving Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Assigned
Subdivision
626 - Glendale-Northwest
Standard status
Active Under Contract
APN
5621039019
Size
10,896 SF
Lot size
0.31 Acres
Additional Details
Tenant in Place
Yes
Utilities
Cooling system
Window Unit(s), Wall/Window Unit(s)
Amenities
coin laundry
Building Details
Year built
1964
Listing Agency:
eXp Realty of Greater Los Angeles
(888) 652-1314
Listed By:
Trey A Ballard
(818) 850-8802
Added: Jul 23
Changed: Oct 31
Last Checked: Nov 1 at 12:06AM
MLS# P1-28164
Copyright © 2026 California Regional MLS - Pasadena-Foothills and Ventura County Coastal. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 10,896-square-foot apartment property comprises two buildings on two parcels totaling 0.31 acres. Built in 1964, the buildings share a driveway and have tuck-under parking. Most units feature two bedrooms, with two three-bedroom layouts also represented. Coin-operated laundry is available in both buildings, and occupancy is 100%. Wall/window and window-unit cooling are listed for the property.
The property is in Glendale, near the Burbank border. Downtown Glendale, the Americana at Brand, the Disney and Warner Bros. campuses in the Media District, and access to I-5 and SR-134 are noted nearby.
The property is in Glendale, near the Burbank border. Downtown Glendale, the Americana at Brand, the Disney and Warner Bros. campuses in the Media District, and access to I-5 and SR-134 are noted nearby.
Key Highlights
- 10,896 square feet across two parcels totaling 0.31 acres
- Built in 1964; two apartment buildings share a common driveway
- Predominantly two‑bedroom floor plans, plus two three‑bedroom units
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,141
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings share a driveway, with assigned parking beneath the structures and coin laundry at each.
Where is this apartment building located?
The property is located at 1137 Irving Avenue 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: 10,896 square feet across two parcels totaling 0.31 acres; Built in 1964; two apartment buildings share a common driveway; Predominantly two‑bedroom floor plans, plus two three‑bedroom units
