Triplex with Private
New
For Sale
$1,850,000
1913 Verdugo Loma Dr, Glendale, CA 91208
Each residence has separate utility metering, while residents share a laundry room and enjoy private balconies or patios.
Property Size3,858 SF
Days on Market3
Property Features for 1913 Verdugo Loma Dr
General Information
Standard status
Active
Size
3,858 SF
Total Parking Spaces
6
Property subtype
Investment
Property Condition
Severity
Repairs Needed
Evidence
need updating
Additional Details
Public Transit
Yes
Multifamily Units
3
Amenities
laundry room
balconies
patios
Building Details
Building Size
3,858 SF
Year Built
1969
Stories
1
Listed By:
E. Dorini
(818) 355-6076
Source:
Elliman
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 12:06PM
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 E. Dorini
Investment Insights
Based on property information with market context.
Built in 1969, this three-unit property includes two residences of approximately 1,200 square feet each and an owner’s unit of approximately 1,500 square feet. One unit has received upgrades; the other two need updating. Each residence has separate metering and its own two-car garage. A shared laundry room serves all three units, and balconies and patios offer views.
The property is in Glendale’s Verdugo Woodlands, north of Glendale Community College and a few miles from Montrose Village Square.
The property is in Glendale’s Verdugo Woodlands, north of Glendale Community College and a few miles from Montrose Village Square.
Key Highlights
- Two units are approximately 1,200 square feet; the owner’s unit is approximately 1,500 square feet
- Each of the 3 units has a separate 2‑car garage
- Separate metering for each unit
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
$83,621
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
4.52%
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%
$1,672,420
$1.7M
Cap Rate 7%
$1,194,586
$1.2M
Cap Rate 9%
$929,122
$929.1K
Market Conditions
NOI Build-Up for 3,858 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
$127.3K $33.00/SF
− Vacancy
−$7.9K −$2.04/SF
EGI
$119.5K $30.96/SF
− OpEx
−$35.8K −$9.29/SF
NOI
$83.6K $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 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%
$1,672,420
Cap Rate 7%
$1,194,586
Cap Rate 9%
$929,122
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.05M – $1.39M
NOI $83,621 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$1.04M
$907.7K – $1.21M
NOI $72,614 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.71M
NOI $162,421 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence has separate utility metering, while residents share a laundry room and enjoy private balconies or patios.
Where is this triplex located?
The property is located at 1913 Verdugo Loma Dr Glendale, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two units are approximately 1,200 square feet; the owner’s unit is approximately 1,500 square feet; Each of the 3 units has a separate 2‑car garage; Separate metering for each unit
