Fourplex With Detached
For Sale
$1,325,000
Pending
1029 Ruberta, Glendale, CA 91201
1941-built fourplex with four 1-bedroom units, walk-in closets, and detached single-car garages.
Property Size2,278 SF
Days on Market21
Property Features for 1029 Ruberta
General Information
Standard status
Pending
Size
2,278 SF
Total Parking Spaces
4
Property subtype
Investment
Occupancy
100%
Additional Details
Multifamily Units
4
Amenities
garden
walk-in closets
built-in cabinets
Building Details
Building Size
2,278 SF
Year Built
1941
Stories
1
Units
4
Listing Agency:
Engel & Völkers Burbank
(818) 429-7215
Listed By:
Franchesca McWhorter
(818) 429-7215
Source:
Elliman
Added: Jul 21
Changed: Aug 8
Last Checked: Aug 5 at 7:56AM
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 Engel & Völkers Burbank
Investment Insights
Based on property information with market context.
Very nice fourplex built in 1941 with four 1-bedroom, 1-bath units. Units include built-in cabinets in the dining area and walk-in closets, with front and rear door access to each unit. Heating is provided by gas floor furnaces. The property also features an attractive garden with a sprinkler system and an asphalt driveway.
Four detached single-car garages are included, and all four units and garages are currently rented. The roof was replaced in 2025, subject to inspection. The main plumbing supply line is identified as having cooper plumbing.
The offering is being sold as a 1031 exchange. The buyer is responsible for verifying all information, including development potential, square footage, lot dimensions, and permits, and no rent control is noted. Drive by only; please do not disturb tenants.
Four detached single-car garages are included, and all four units and garages are currently rented. The roof was replaced in 2025, subject to inspection. The main plumbing supply line is identified as having cooper plumbing.
The offering is being sold as a 1031 exchange. The buyer is responsible for verifying all information, including development potential, square footage, lot dimensions, and permits, and no rent control is noted. Drive by only; please do not disturb tenants.
Key Highlights
- 1941‑built fourplex with four 1‑bedroom, 1‑bath units
- Each unit features walk‑in closets and built‑in cabinets in the dining area
- Front and rear door access to all units
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
$49,375
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
3.73%
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%
$987,500
$987.5K
Cap Rate 7%
$705,357
$705.4K
Cap Rate 9%
$548,611
$548.6K
Market Conditions
NOI Build-Up for 2,278 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
$75.2K $33.00/SF
− Vacancy
−$4.6K −$2.04/SF
EGI
$70.5K $30.96/SF
− OpEx
−$21.2K −$9.29/SF
NOI
$49.4K $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%
$987,500
Cap Rate 7%
$705,357
Cap Rate 9%
$548,611
Alternative Uses
Best Use
Multifamily LT 5
$705.4K
$617.2K – $822.9K
NOI $49,375 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$612.5K
$535.9K – $714.6K
NOI $42,875 @ 7.0% cap · market cap 3.24%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,903 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,998
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - 1941-built fourplex with four 1-bedroom units, walk-in closets, and detached single-car garages.
Where is this quadplex located?
The property is located at 1029 Ruberta Glendale, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 1941‑built fourplex with four 1‑bedroom, 1‑bath units; Each unit features walk‑in closets and built‑in cabinets in the dining area; Front and rear door access to all units
