Apartment
For Sale
$4,350,000
1320 N Columbus Ave, Glendale, CA 91202
Apartment building built in 1961, maintained by the current ownership for over 50 years.
Property Size14,326 SF
Days on Market144
Property Features for 1320 N Columbus Ave
General Information
Standard status
Active
Size
14,326 SF
Property subtype
Multifamily
Building Details
Building Size
14,326 SF
Year Built
1961
Listing Agency:
Lee & Associates - Pasadena
Listed By:
Robert Leveen · License #CalDRE #01476685
(310) 428-7580
Source:
Lee-associates
Added: Jun 2
Changed: Oct 13
Last Checked: Oct 23 at 3:32AM
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 Lee & Associates - Pasadena
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment building was built in 1961 and has been meticulously maintained by the current ownership for over 50 years. The property’s long-term care and upkeep may be attractive for buyers seeking steady, well-managed multifamily housing.
The property is located at 1320 N Columbus Ave in Glendale, CA 91202.
The property is located at 1320 N Columbus Ave in Glendale, CA 91202.
Key Highlights
- Built in 1961
- Meticulously maintained by current ownership for over 50 years
- Apartment building in Glendale, CA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$269,638
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,392,760
$5.4M
Cap Rate 7%
$3,851,971
$3.9M
Cap Rate 9%
$2,995,978
$3.0M
Market Conditions
NOI Build-Up for 14,326 SF
Gross rent
$524.3K $36.60/SF
− Vacancy
−$34.1K −$2.38/SF
EGI
$490.3K $34.22/SF
− OpEx
−$220.6K −$15.40/SF
NOI
$269.6K $18.82/SF
Area
Glendale, CA
Vacancy
6.50%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,392,760
Cap Rate 7%
$3,851,971
Cap Rate 9%
$2,995,978
Alternative Uses
Best Use
Apartment 5plus
$3.85M
$3.37M – $4.49M
NOI $269,638 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.62M
$7.54M – $10.05M
NOI $603,121 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 91202, CA
22,875
Population
9,177
Households
2.5
Avg Household Size
42
Median Age
49%
College-Educated
91%
High-School Grad
4.9 sq mi
ZIP Area
4,668
Density / Sq Mi
$92,343
Median Household Income
$55,266
Median Earnings
$2,185
Median Rent
$1,094,500
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
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building built in 1961, maintained by the current ownership for over 50 years.
Where is this apartment building located?
The property is located at 1320 N Columbus Ave Glendale, CA.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Built in 1961; Meticulously maintained by current ownership for over 50 years; Apartment building in Glendale, CA
