5-Unit Apartment
For Sale
$1,950,000
1817 Verdugo Loma, Glendale, CA 91208
Established multifamily property with bright units, dedicated parking, and access to Glendale shopping, dining, parks, and transportation.
Property Size3,645 SF
Days on Market69
Property Features for 1817 Verdugo Loma
General Information
Standard status
Active
Size
3,645 SF
Property subtype
Multi Family
Building Details
Building Size
3,645 SF
Year Built
1956
Listing Agency:
Alequin Properties
Listed By:
Mike Alequin · License #01325873
Source:
Velocityrealtysd
Added: Jun 18
Changed: Aug 22
Last Checked: Aug 24 at 2:42PM
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 Alequin Properties
Investment Insights
Based on property information with market context.
This 5-unit apartment property at 1817 Verdugo Loma in Glendale was built in 1956. The asset includes spacious apartments with ample natural light and dedicated parking, all within a quiet, tree-lined residential setting. Its multifamily configuration provides a straightforward apartment-building profile for an owner or investor evaluating a Glendale property.
The property is located in the Verdugo Woodlands area, with shopping, dining, parks, and transportation nearby. Downtown Glendale, The Americana at Brand, Glendale Galleria, and major freeways are also within close proximity, combining neighborhood surroundings with access to established commercial and transportation destinations.
The property is located in the Verdugo Woodlands area, with shopping, dining, parks, and transportation nearby. Downtown Glendale, The Americana at Brand, Glendale Galleria, and major freeways are also within close proximity, combining neighborhood surroundings with access to established commercial and transportation destinations.
Key Highlights
- 5‑unit apartment property at 1817 Verdugo Loma, Glendale, CA 91208
- Built in 1956
- Spacious units with ample natural light
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
$68,605
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
3.52%
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%
$1,372,100
$1.4M
Cap Rate 7%
$980,071
$980.1K
Cap Rate 9%
$762,278
$762.3K
Market Conditions
NOI Build-Up for 3,645 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
$133.4K $36.60/SF
− Vacancy
−$8.7K −$2.38/SF
EGI
$124.7K $34.22/SF
− OpEx
−$56.1K −$15.40/SF
NOI
$68.6K $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 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%
$1,372,100
Cap Rate 7%
$980,071
Cap Rate 9%
$762,278
Alternative Uses
Best Use
Apartment 5plus
$980.1K
$857.6K – $1.14M
NOI $68,605 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.19M
$1.92M – $2.56M
NOI $153,454 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 91208, CA
16,776
Population
6,450
Households
2.6
Avg Household Size
45
Median Age
62%
College-Educated
95%
High-School Grad
7.4 sq mi
ZIP Area
2,267
Density / Sq Mi
$131,229
Median Household Income
$63,676
Median Earnings
$2,361
Median Rent
$1,276,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Established multifamily property with bright units, dedicated parking, and access to Glendale shopping, dining, parks, and transportation.
Where is this apartment building located?
The property is located at 1817 Verdugo Loma Glendale, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 5‑unit apartment property at 1817 Verdugo Loma, Glendale, CA 91208; Built in 1956; Spacious units with ample natural light
