Glendale Fourplex with
For Sale
$1,549,000
1459 Stanley, Glendale, CA 91206
Four well-maintained units include two 2-bedroom/2-bath and two 1-bedroom/1-bath homes, plus a four-car garage and common washroom.
Property Size3,399 SF
Days on Market78
Property Features for 1459 Stanley
General Information
Standard status
Active
Size
3,399 SF
Total Parking Spaces
4
Property subtype
Apartment
Additional Details
Multifamily Units
4
Amenities
BBQ area
Building Details
Building Size
3,399 SF
Year Built
1973
Tenancy
Multi
Listing Agency:
Image Works Properties
Listed By:
Bill Davis · License #00646622
(626) 833-9697
Source:
Milsteinestates
Added: Jun 24
Changed: Sep 4
Last Checked: Sep 8 at 11:56AM
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 Image Works Properties
Investment Insights
Based on property information with market context.
Glendale fourplex offers a well-maintained residential income mix with two 2-bedroom, 2-bath units and two 1-bedroom, 1-bath units. All units are described as large and include dining areas. The property features a four-car garage and a common washroom, and it has recently been painted.
Set in mid-west Glendale, the property is described as close to transportation, shopping, and downtown Glendale.
Additional exterior amenities include an easy-care yard with a BBQ area.
Set in mid-west Glendale, the property is described as close to transportation, shopping, and downtown Glendale.
Additional exterior amenities include an easy-care yard with a BBQ area.
Key Highlights
- Fourplex with two 2‑bedroom/2‑bath units and two 1‑bedroom/1‑bath units
- All units have dining areas
- Four‑car garage on the property
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
$73,672
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
4.76%
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%
$1,473,440
$1.5M
Cap Rate 7%
$1,052,457
$1.1M
Cap Rate 9%
$818,578
$818.6K
Market Conditions
NOI Build-Up for 3,399 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
$112.2K $33.00/SF
− Vacancy
−$6.9K −$2.04/SF
EGI
$105.2K $30.96/SF
− OpEx
−$31.6K −$9.29/SF
NOI
$73.7K $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%
$1,473,440
Cap Rate 7%
$1,052,457
Cap Rate 9%
$818,578
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$920.9K – $1.23M
NOI $73,672 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$913.9K
$799.7K – $1.07M
NOI $63,974 @ 7.0% cap · market cap 4.13%
Theoretical Best
Specialty Retail
$2.04M
$1.79M – $2.38M
NOI $143,097 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,450
Businesses Nearby
Explore this area
Business Placement
Demographics for 91206, CA
33,252
Population
13,767
Households
2.4
Avg Household Size
43
Median Age
47%
College-Educated
90%
High-School Grad
5.8 sq mi
ZIP Area
5,733
Density / Sq Mi
$86,684
Median Household Income
$52,517
Median Earnings
$2,159
Median Rent
$1,094,100
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 - Four well-maintained units include two 2-bedroom/2-bath and two 1-bedroom/1-bath homes, plus a four-car garage and common washroom.
Where is this quadplex located?
The property is located at 1459 Stanley Glendale, CA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Fourplex with two 2‑bedroom/2‑bath units and two 1‑bedroom/1‑bath units; All units have dining areas; Four‑car garage on the property
