Multifamily
For Sale
$4,250,000
1554 E Wilson Avenue, Glendale, CA 91206
The 10,140-square-foot property was built in 1987.
Property Size10,140 SF
Price / SF$419.13
Days on Market9
Property Features for 1554 E Wilson Avenue
General Information
Standard status
Active
Size
10,140 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Woodbury
Building Details
Year Built
1987
Listing Agency:
CBRE
Listed By:
Jenny Eng · License #01931251
(818) 907-4606
Source:
Sevengables
Added: Oct 16
Changed: Oct 24
Last Checked: Oct 23 at 9:59AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 1554 E Wilson Avenue in Glendale contains 10,140 square feet. The building dates to 1987 and sits at a corner along the Wilson Avenue corridor.
Key Highlights
- 10,140 square feet of multifamily space
- Built in 1987
- Corner location on E Wilson Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,851
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,817,020
$3.8M
Cap Rate 7%
$2,726,443
$2.7M
Cap Rate 9%
$2,120,567
$2.1M
Market Conditions
NOI Build-Up for 10,140 SF
Gross rent
$371.1K $36.60/SF
− Vacancy
−$24.1K −$2.38/SF
EGI
$347.0K $34.22/SF
− OpEx
−$156.2K −$15.40/SF
NOI
$190.9K $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%
$3,817,020
Cap Rate 7%
$2,726,443
Cap Rate 9%
$2,120,567
Alternative Uses
Best Use
Apartment 5plus
$2.73M
$2.39M – $3.18M
NOI $190,851 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.10M
$5.34M – $7.11M
NOI $426,891 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,052
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
Frequently Asked Questions
What type of property is this?
Multifamily property - The 10,140-square-foot property was built in 1987.
Where is this multifamily property located?
The property is located at 1554 E Wilson Avenue Glendale, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 10,140 square feet of multifamily space; Built in 1987; Corner location on E Wilson Avenue
