Apartment Property with Interior
For Sale
$2,375,000
234 N Jackson, Glendale, CA 91206
Built in 1955, the property has refreshed interiors alongside identified exterior, electrical, and sewer work.
Property Size6,224 SF
Price / SF$381.59
Days on Market86
Property Features for 234 N Jackson
General Information
Standard status
Active
Size
6,224 SF
Total Parking Spaces
6
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
property is in need of exterior updates, electrical panels, and partial sewer upgrades
Building Details
Building Size
6,224 SF
Year Built
1955
Buildings
1
Stories
2
Units
8
Listed By:
Shaun Marie Howe · License #01332439
(760) 702-4823
Source:
Desertareaproperty
Added: Jul 31
Changed: Oct 23
Last Checked: Oct 23 at 3:26PM
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 Shaun Marie Howe
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Investment Insights
Based on property information with market context.
Located at 234 N. Jackson Street in Glendale, this 6,224-square-foot apartment property was built in 1955. Interior improvements have been made, while exterior work, electrical panel upgrades, and partial sewer improvements remain to be addressed.
Key Highlights
- 6,224‑square‑foot apartment property
- Built in 1955
- Exterior improvements, electrical panel work, and partial sewer upgrades are identified as needed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,145
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,342,900
$2.3M
Cap Rate 7%
$1,673,500
$1.7M
Cap Rate 9%
$1,301,611
$1.3M
Market Conditions
NOI Build-Up for 6,224 SF
Gross rent
$227.8K $36.60/SF
− Vacancy
−$14.8K −$2.38/SF
EGI
$213.0K $34.22/SF
− OpEx
−$95.8K −$15.40/SF
NOI
$117.1K $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%
$2,342,900
Cap Rate 7%
$1,673,500
Cap Rate 9%
$1,301,611
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $117,145 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.74M
$3.28M – $4.37M
NOI $262,029 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
8,399
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1955, the property has refreshed interiors alongside identified exterior, electrical, and sewer work.
Where is this multifamily property located?
The property is located at 234 N Jackson Glendale, CA.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: 6,224‑square‑foot apartment property; Built in 1955; Exterior improvements, electrical panel work, and partial sewer upgrades are identified as needed
