Multifamily
For Sale
$3,950,000
1538 E Wilson Avenue, Glendale, CA 91206
The property contains 8,892 square feet of multifamily space.
Property Size8,892 SF
Price / SF$444.22
Days on Market9
Property Features for 1538 E Wilson Avenue
General Information
Standard status
Active
Size
8,892 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Woodbury
Building Details
Year Built
1936
Listing Agency:
CBRE
Listed By:
Jenny Eng · License #01931251
(818) 907-4606
Source:
Sevengables
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 10:32AM
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 CBRE
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Investment Insights
Based on property information with market context.
Located at 1538 E Wilson Avenue in Glendale, California, this multifamily property contains 8,892 square feet. The building was constructed in 1936.
Key Highlights
- 8,892 square feet of multifamily space
- Built in 1936
- Located at 1538 E Wilson Avenue in Glendale, CA 91206
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,361
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,347,220
$3.3M
Cap Rate 7%
$2,390,871
$2.4M
Cap Rate 9%
$1,859,567
$1.9M
Market Conditions
NOI Build-Up for 8,892 SF
Gross rent
$325.4K $36.60/SF
− Vacancy
−$21.2K −$2.38/SF
EGI
$304.3K $34.22/SF
− OpEx
−$136.9K −$15.40/SF
NOI
$167.4K $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%
$3,347,220
Cap Rate 7%
$2,390,871
Cap Rate 9%
$1,859,567
Alternative Uses
Best Use
Apartment 5plus
$2.39M
$2.09M – $2.79M
NOI $167,361 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.35M
$4.68M – $6.24M
NOI $374,351 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,558
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property contains 8,892 square feet of multifamily space.
Where is this multifamily property located?
The property is located at 1538 E Wilson Avenue Glendale, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 8,892 square feet of multifamily space; Built in 1936; Located at 1538 E Wilson Avenue in Glendale, CA 91206
