Four-Unit Multifamily
For Sale
$1,395,000
Pending
1459 Stanley, Glendale, CA 91206
Two-bedroom and one-bedroom floor plans include dedicated dining areas and shared resident amenities.
Property Size3,399 SF
Days on Market64
Property Features for 1459 Stanley
General Information
Standard status
Pending
Size
3,399 SF
Property subtype
Apartment
Amenities
community BBQ area
on-site shared laundry facility
Building Details
Building Size
3,399 SF
Year Built
1973
Buildings
1
Tenancy
Multi
Listing Agency:
Image Works Properties
Listed By:
Bill Davis · License #00646622
(626) 833-9697
Source:
Hopewayrealtygroup
Added: Jul 2
Changed: Aug 13
Last Checked: Aug 12 at 3:06PM
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.
This four-unit multifamily property, built in 1973, includes two 2-bedroom, 2-bath residences and two 1-bedroom, 1-bath residences. Each unit has a dedicated dining area, while recent exterior paint provides a refreshed appearance. Property amenities include a shared laundry facility, community BBQ area, easy-care yard, three private garage spaces, and additional driveway parking.
The property is located at 1459 Stanley in Glendale, California, minutes from downtown Glendale, shopping, dining, public transportation, and major commuter routes. Its unit mix supports an income-producing residential configuration, with layouts that may also accommodate an owner-user arrangement as described in the property information.
The property is located at 1459 Stanley in Glendale, California, minutes from downtown Glendale, shopping, dining, public transportation, and major commuter routes. Its unit mix supports an income-producing residential configuration, with layouts that may also accommodate an owner-user arrangement as described in the property information.
Key Highlights
- Four‑unit property with two 2‑bedroom, 2‑bath units and two 1‑bedroom, 1‑bath units
- Built in 1973 with recent exterior paint
- Three private garage spaces plus additional driveway parking
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
5.28%
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 5.28%
Second Best
Apartment 5plus
$913.9K
$799.7K – $1.07M
NOI $63,974 @ 7.0% cap · market cap 4.59%
Theoretical Best
Specialty Retail
$2.04M
$1.79M – $2.38M
NOI $143,097 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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 - Two-bedroom and one-bedroom floor plans include dedicated dining areas and shared resident amenities.
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 $1,395,000.
What are key features of this property?
This property features: Four‑unit property with two 2‑bedroom, 2‑bath units and two 1‑bedroom, 1‑bath units; Built in 1973 with recent exterior paint; Three private garage spaces plus additional driveway parking
