Two-Unit Duplex with Detached
For Sale
$1,500,000
1615 S Adams St, Glendale, CA 91205
Both residences have two bedrooms, two bathrooms, updated kitchens, and in-unit laundry across two levels.
Property Size2,014 SF
Price / SF$744.79
Days on Market62
Property Features for 1615 S Adams St
General Information
Standard status
Active
Size
2,014 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Adams Hill & Square
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
stainless steel appliances
in-unit washer and dryer
Building Details
Building Size
2,014 SF
Year Built
1947
Buildings
1
Stories
2
Listing Agency:
JohnHart Corp.
Listed By:
Araksi Dzheyranyan · License #02159991
(747) 238-6599
Source:
Garymerriam
Added: Aug 27
Changed: Oct 27
Last Checked: Oct 26 at 6:39PM
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 JohnHart Corp.
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with two bedrooms and two bathrooms across two levels. Each unit measures approximately 1,007 square feet. Renovations include new roofing, electrical and plumbing systems, HVAC, windows, flooring, kitchens, and bathrooms. Updated kitchens feature stainless steel appliances, and each residence has its own washer and dryer. The property was built in 1947 and includes a detached garage; conversion of the garage to an accessory dwelling unit would require city approval.
The property is near The Americana at Brand, Downtown Glendale, dining, shopping, schools, and other everyday conveniences.
The property is near The Americana at Brand, Downtown Glendale, dining, shopping, schools, and other everyday conveniences.
Key Highlights
- Two 2‑bedroom, 2‑bath units, each approximately 1,007 square feet
- Each residence is arranged across two levels
- Renovations include roof, electrical, plumbing, HVAC, windows, flooring, kitchens, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,653
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,060
$873.1K
Cap Rate 7%
$623,614
$623.6K
Cap Rate 9%
$485,033
$485.0K
Market Conditions
NOI Build-Up for 2,014 SF
Gross rent
$66.5K $33.00/SF
− Vacancy
−$4.1K −$2.04/SF
EGI
$62.4K $30.96/SF
− OpEx
−$18.7K −$9.29/SF
NOI
$43.7K $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 Rate 5%
$873,060
Cap Rate 7%
$623,614
Cap Rate 9%
$485,033
Alternative Uses
Best Use
Multifamily LT 5
$623.6K
$545.7K – $727.6K
NOI $43,653 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$541.5K
$473.8K – $631.8K
NOI $37,907 @ 7.0% cap · market cap 2.53%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,789 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
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Business Placement
Demographics for 91205, CA
36,693
Population
14,424
Households
2.5
Avg Household Size
41
Median Age
39%
College-Educated
84%
High-School Grad
1.9 sq mi
ZIP Area
19,312
Density / Sq Mi
$59,005
Median Household Income
$42,393
Median Earnings
$1,890
Median Rent
$763,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, two bathrooms, updated kitchens, and in-unit laundry across two levels.
Where is this duplex located?
The property is located at 1615 S Adams St Glendale, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath units, each approximately 1,007 square feet; Each residence is arranged across two levels; Renovations include roof, electrical, plumbing, HVAC, windows, flooring, kitchens, and bathrooms
