Renovated 15-Unit Apartment
125 W CHESTNUT ST GLENDALE CA 91205 Glendale, CA 91205
For Sale
Contact for pricing
Fully renovated 15-unit apartment building with 10 storage units, featuring upgraded interiors and key system improvements.
Property Size11,120 SF
Price / SF$476.62
Days on Market86
Property Features for 125 W CHESTNUT ST GLENDALE CA 91205
General Information
- Standard status
- Active
- Size
- 11,120 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1931
Listing Agency:
City Center Realty Group Inc
(818) 209-0922
Listed By:
Steve Hovakimyan · License #01363908
Source:
Crexi
Added: Apr 29
Changed: Jul 22
Last Checked: Jul 23 at 1:24PM
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 City Center Realty Group Inc
Investment Insights
Based on property information with market context.
This offering presents a fully renovated 15-unit apartment building that also includes 10 storage units, creating an additional source of rental income. The property has recently undergone major renovation work, including upgraded interiors, modern finishes, and improvements to key building systems.
Located at 125 W Chestnut St in Glendale, the property is positioned near The Americana at Brand and Glendale Galleria, with walkability to surrounding retail and employment centers.
From a tenant- and operations-support perspective, the combination of renovated living space, system updates, and on-site storage is designed to support strong day-to-day leasing performance and long-term stability.
Located at 125 W Chestnut St in Glendale, the property is positioned near The Americana at Brand and Glendale Galleria, with walkability to surrounding retail and employment centers.
From a tenant- and operations-support perspective, the combination of renovated living space, system updates, and on-site storage is designed to support strong day-to-day leasing performance and long-term stability.
Key Highlights
- Fully renovated 15‑unit apartment building
- Includes 10 storage units for additional income
- Year built: 1931
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 | $407.0k | $36.60 |
| − Vacancy | −$26.5k | −$2.38 |
| EGI | $380.5k | $34.22 |
| − OpEx | −$171.2k | −$15.40 |
| NOI | $209.3k | $18.82 |
11,120 SF · lease $36.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.99M
$2.62M – $3.49M
NOI $209,296 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.69M
$5.85M – $7.80M
NOI $468,149 @ 7.0% cap · market cap 8.83%
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 - Fully renovated 15-unit apartment building with 10 storage units, featuring upgraded interiors and key system improvements.
Where is this apartment building located?
The property is located at 125 W CHESTNUT ST GLENDALE CA 91205 Glendale, CA.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Fully renovated 15‑unit apartment building; Includes 10 storage units for additional income; Year built: 1931
