Glendale Multifamily Property For
1826 VASSAR ST GLENDALE CA 91204 Glendale, CA 91204
1826 VASSAR ST GLENDALE CA 91204, Glendale, CA, 91204
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For Sale
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31-unit multifamily property available in Glendale, California.
Property Size25,480 SF
Price / SF$423.86
Days on Market61
Property Features for 1826 VASSAR ST GLENDALE CA 91204
General Information
- Standard status
- Active
- Size
- 25,480 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1987
Listing Agency
RE/MAX Commercial & Investment Realty
(213) 817-1000
Listed by
Shant Sherbetdjian · License #CA 1713570
Source
Crexi
Added: May 18 Checked: Jul 16 at 1:00 pm
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 RE/MAX Commercial & Investment Realty
Investment Insights
Based on property information with market context.
This multifamily property, located in Glendale, California, features 31 units. The property has a size of 25480 square feet.
Key Highlights
- 31 Units offer a great investment opportunity.
- Located in Glendale, enjoy a prime location.
- Built in 1987.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $932.6k | $36.60 |
| − Vacancy | −$60.6k | −$2.38 |
| EGI | $872.0k | $34.22 |
| − OpEx | −$392.4k | −$15.40 |
| NOI | $479.6k | $18.82 |
25,480 SF · lease $36.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$6.85M
$5.99M – $7.99M
NOI $479,573 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.32M
$13.41M – $17.88M
NOI $1,072,702 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 31-unit multifamily property available in Glendale, California.
Where is this apartment building located?
The property is located at 1826 VASSAR ST GLENDALE CA 91204 Glendale, CA.
What is the asking price?
The asking price for this property is $10,800,000.
What are key features of this property?
This property features: 31 Units offer a great investment opportunity.; Located in Glendale, enjoy a prime location.; Built in 1987.
