Remodeled Triplex with
New
For Sale
$1,397,000
1160 Linden Ave, Glendale, CA 91201
Three-unit residential property with updated interiors, private laundry, and substantial on-site parking.
Property Size2,282 SF
Days on Market7
Property Features for 1160 Linden Ave
General Information
Standard status
Active
Size
2,282 SF
Total Parking Spaces
8
Property subtype
Investment
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA, 1 x 1BR
Multifamily Units
3
Building Details
Building Size
2,282 SF
Year Built
1923
Buildings
2
Units
3
Listing Agency:
Re/Max Tri-City Realty
Listed By:
Arthur Mangassarian · License #00751703
(818) 549-9000
Source:
Elliman
Added: Sep 12
Changed: Sep 15
Last Checked: Sep 16 at 5:58PM
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 Tri-City Realty
Investment Insights
Based on property information with market context.
Built in 1923, this triplex includes a front residence, a remodeled two-bedroom unit, and an additional one-bedroom unit identified as nonconforming. The front home features a spacious primary bedroom, a den used as a third bedroom, 1.5 baths, private laundry, laminate flooring, wall-mounted AC units, and a tankless water heater. The second unit has two bedrooms, one bath, a newer kitchen, and two dedicated parking spaces.
The property is located at 1160 Linden Ave in Glendale, within a very walkable area with a Walk Score of 85. Bike Score is 62, and Transit Score is 43. A large shared parking area accommodates up to 8 vehicles between the two buildings.
The property is located at 1160 Linden Ave in Glendale, within a very walkable area with a Walk Score of 85. Bike Score is 62, and Transit Score is 43. A large shared parking area accommodates up to 8 vehicles between the two buildings.
Key Highlights
- Triplex built in 1923 at 1160 Linden Ave, Glendale, CA 91201
- Front residence includes a primary bedroom, den used as a third bedroom, and 1.5 baths
- Front home has private laundry, laminate flooring, wall‑mounted AC units, and a tankless water heater
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,462
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$989,240
$989.2K
Cap Rate 7%
$706,600
$706.6K
Cap Rate 9%
$549,578
$549.6K
Market Conditions
NOI Build-Up for 2,282 SF
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.
Gross rent
$75.3K $33.00/SF
− Vacancy
−$4.6K −$2.04/SF
EGI
$70.7K $30.96/SF
− OpEx
−$21.2K −$9.29/SF
NOI
$49.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$989,240
Cap Rate 7%
$706,600
Cap Rate 9%
$549,578
Alternative Uses
Best Use
Multifamily LT 5
$706.6K
$618.3K – $824.4K
NOI $49,462 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$613.6K
$536.9K – $715.9K
NOI $42,951 @ 7.0% cap · market cap 3.07%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,072 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,252
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with updated interiors, private laundry, and substantial on-site parking.
Where is this triplex located?
The property is located at 1160 Linden Ave Glendale, CA.
What is the asking price?
The asking price for this property is $1,397,000.
What are key features of this property?
This property features: Triplex built in 1923 at 1160 Linden Ave, Glendale, CA 91201; Front residence includes a primary bedroom, den used as a third bedroom, and 1.5 baths; Front home has private laundry, laminate flooring, wall‑mounted AC units, and a tankless water heater
