Two-Building Industrial
For Sale
$4,300,000
604 Ruberta Ave, Glendale, CA 91201
Two adjacent industrial buildings totaling 11,379 sq. ft. on a 20,405 sq. ft. lot in an IND-zoned Glendale site.
Property Size11,379 SF
Lot Size0.47 Acres
Price / SF$377.89
Days on Market98
Property Features for 604 Ruberta Ave
General Information
Standard status
Active
Size
11,379 SF
Lot size
0.47 Acres
Property subtype
Industrial
Zoning
IND
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Listing Agency:
Listed By:
Edgar Matevosian
Source:
Elliman
Added: Apr 24
Changed: Jul 20
Last Checked: Jul 30 at 1:12PM
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 Edgar Matevosian
Investment Insights
Based on property information with market context.
The offering is a two-building industrial portfolio consisting of adjacent buildings at 604 and 608 Ruberta Avenue. The combined building area is approximately 11,379 square feet on a combined 20,405 square foot lot. The site is zoned IND (Industrial District), supporting a range of industrial uses such as warehouse, light manufacturing, contractor use, automotive-related operations, storage, and distribution. The layout is described as supporting functional loading access and usable yard area, along with efficient circulation for on-site operations.
The property is located within Glendale’s established industrial pocket, with convenient regional access to major transportation corridors including the 5, 134, and 2 freeways. Public transit access is noted as Some Transit, with Walk Score indicated as Very Walkable and Bike Score indicated as Bikeable.
As a portfolio, the adjacent configuration is designed to accommodate operational flexibility and potential multi-tenant setup, as well as future strategic disposition.
The property is located within Glendale’s established industrial pocket, with convenient regional access to major transportation corridors including the 5, 134, and 2 freeways. Public transit access is noted as Some Transit, with Walk Score indicated as Very Walkable and Bike Score indicated as Bikeable.
As a portfolio, the adjacent configuration is designed to accommodate operational flexibility and potential multi-tenant setup, as well as future strategic disposition.
Key Highlights
- Two adjacent industrial buildings totaling 11,379 sq. ft. on a combined 20,405 sq. ft. lot in Glendale
- IND (Industrial District) zoning offers flexibility for a range of industrial uses
- Portfolio layout supports efficient circulation with functional loading access and usable yard area
Financial Insights For Warehouse
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 | $202.1k | $17.76 |
| − Vacancy | −$12.7k | −$1.12 |
| EGI | $189.4k | $16.64 |
| − OpEx | −$28.4k | −$2.50 |
| NOI | $161.0k | $14.14 |
11,379 SF · lease $17.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.30M
$2.01M – $2.68M
NOI $160,955 @ 7.0% cap · market cap 3.74%
Second Best
Flex RnD
$1.73M
$1.51M – $2.02M
NOI $120,975 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$6.84M
$5.99M – $7.98M
NOI $479,053 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,998
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two adjacent industrial buildings totaling 11,379 sq. ft. on a 20,405 sq. ft. lot in an IND-zoned Glendale site.
Where is this flex space located?
The property is located at 604 Ruberta Ave Glendale, CA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Two adjacent industrial buildings totaling 11,379 sq. ft. on a combined 20,405 sq. ft. lot in Glendale; IND (Industrial District) zoning offers flexibility for a range of industrial uses; Portfolio layout supports efficient circulation with functional loading access and usable yard area
