Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1028 San Rafael Ave Glendale, CA 91202

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,300,000

    Unique 4-unit property in Glendale's Casa Verdugo Villa Tract.

    Lot size:
    0.20 Acres

    Property Features for 1028 San Rafael Ave

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.20 Acres

    Building Details

    Year built
    1927

    We can help!

    Listing Contact
    Matthew Vartanians
    Source: Elliman

    Listing Agent: Matthew Vartanians

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Glendale Casa Verdugo Villa 4plex

    Located in the heart of Glendale's Casa Verdugo Villa Tract, this 4-unit property presents investment or multiple owner-user opportunities. The property consists of two buildings. The front building contains two units: 1028 San Rafael, a one-bedroom unit with a tandem nursery, one bath, and 802 square feet with a washer and dryer inside; and 1030 San Rafael, a large one-bedroom, one-bath unit with 938 square feet of living space, featuring a large open patio with terra cotta tiles and a portico. The front unit is separated from the rear building by a large courtyard. The rear building contains two units: 1028 A, a studio unit with 347 square feet of space plus a converted 184-square-foot garage, equipped with a wall unit; and 1028 B San Rafael, a large second-floor two-bedroom, one-bath unit with 1,130 square feet. There are three one-car garages, one for each unit except 1028 A. All units have central air and heat, except 1028 A, which has a wall unit.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.2604458
    Latitude
    34.1609032

    Nearby Similar for Sale

    • $150,000

      Established Salon on Colorado Street

      Operating Glendale beauty salon for sale with rental income.
      1358 E Colorado St, Glendale, CA 91205
      View Details
    • $275,000

      Turnkey Bakery in Prime Location

      Profitable bakery with established customer base and growth potential.
      1250 W Glenoaks Blvd, Glendale, CA 91201
      View Details
    • $1,399,993
      Pending

      Glendale Commercial Property with Dual Parcels

      Two adjacent buildings offer flexibility for business or investment purposes.
      1812 Victory Blvd, Glendale, CA 91201
      View Details
    • $120,000

      Kenneth Village Business Opportunity

      Business opportunity in Glendale's Kenneth Village with high foot traffic.
      1040 West Kenneth Rd, Glendale, CA 91202
      View Details
    • $138,000
      1,400 SF

      Turn-Key Beauty Salon in Glendale

      Fully operational beauty salon with established branding in prime location.
      459 West Broadway, Glendale, CA 91204
      View Details
    • New
      $10,800,000
      25,480 SF

      Glendale Multifamily Investment Opportunity

      31-unit apartment building in Glendale with value-add potential.
      1818 Vassar St, Glendale, CA 91204
      View Details
    • $300,000

      Glendale Restaurant Business Opportunity

      Fully operational poke restaurant in the heart of Glendale, California.
      106 W California Ave, Glendale, CA 91203
      View Details
    • $4,200,000
      1.24 Acres

      Glendale Commercial Equestrian Land

      Commercial equestrian property in Rancho neighborhood near Griffith Park trails.
      1840 Riverside Dr, Glendale, CA 91201
      View Details
    • $1,789,950
      2,839 SF

      Glendale Quadplex with ADU Potential

      Four-unit building with approved ADU plans in Glendale, CA.
      1523 Rock Glen Ave, Glendale, CA 91205
      View Details
    • $1,550,000
      3,196 SF

      Glendale Apartment Building For Sale

      Glendale apartment building with rental upside and recent renovations.
      1246 E Harvard St, Glendale, CA 91205
      View Details
    • New
      $1,199,900
      2,000 SF

      Glendale Triplex with Rental Upside

      Well-maintained triplex in Glendale with month-to-month tenancies.
      441 W Maple St, Glendale, CA 91204
      View Details
    • New
      $2,300,000
      3,212 SF

      Glendale Quadruplex Spanish Charmer

      Quadruplex in Glendale's Casa Verdugo Villa Tract.
      1028 San Rafael Ave, Glendale, CA 91202
      View Details

    FAQs

    What type of property is this?
    Quadplex - Unique 4-unit property in Glendale's Casa Verdugo Villa Tract.
    Where is this quadplex located?
    The property is located at 1028 San Rafael Ave Glendale, CA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - Unique 4plex offers investment or multiple owner-user options.; - Unit 1030 is a large 1 bedroom, 1 bath unit (938 sq ft) with a large open patio.; - Unit 1028 B is a large 2 bedroom, 1 bath unit (1,130 sq ft).
    Request Owner's contact information
    1028 San Rafael Ave Glendale, CA 91202
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1028 San Rafael Ave
    Glendale, CA 91202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1028 San Rafael Ave Glendale, CA 91202
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Matthew Vartanians
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!