80-Unit Apartment
New
For Sale
$21,500,000
310 N Cedar St, Glendale, CA 91206
A two-elevator residential property with 106 parking spaces and central heating and cooling serves a mix of one- and two-bedroom homes.
Property Size70,632 SF
Lot Size0.61 Acres
Price / SF$304.39
Days on Market2
Property Features for 310 N Cedar St
General Information
Standard status
Active
Size
70,632 SF
Total Parking Spaces
106
Elevators
Yes
Lot size
0.61 Acres
Property subtype
Investment
Zoning
GLR4
Financials
Asking Price
$21,500,000
Cap Rate
5.69%
Site & Location
Neighborhood
Citrus Grove
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
69 x 1BR/1BA, 11 x 2BR/2BA
Multifamily Units
80
Additional Details
Tenant in Place
Yes
Amenities
on-site laundry room
Building Details
Building Size
70,632 SF
Year Built
1972
Buildings
1
Units
80
Listing Agency:
Keller Williams Realty/Pasadena
Listed By:
KEVIN LUTZ · License #00925595
(626) 429-0685
Source:
Elliman
Added: Oct 23
Last Checked: Oct 23 at 4:35PM
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 Keller Williams Realty/Pasadena
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Investment Insights
Based on property information with market context.
Cedar Regency is an 80-unit apartment property at 310 N Cedar Street in Glendale. Constructed in 1972, the building contains 70,632 square feet on a 26,560-square-foot lot zoned GLR4. Its unit mix comprises 69 one-bedroom, one-bathroom apartments and 11 two-bedroom, two-bathroom apartments. Two elevators serve the building, and parking is provided across two levels with 106 spaces. Heating and cooling are central, with equipment on the roof; electrical sub-panels have been updated. Electric stoves are installed, and tenants pay for electricity while ownership covers water, sewer, trash, and gas. An on-site laundry room is operated directly by ownership.
At the October 7, 2026 rent roll, 10 apartments were vacant. The property is in central Glendale, a few blocks east of Glendale Avenue. The Americana at Brand is 0.6 miles away and the Glendale Galleria is 0.8 miles away. SR-134 and SR-2 are each within one mile; I-5 is 2.5 miles away. The Glendale Transportation Center, served by Metrolink, is 1.6 miles from the building.
At the October 7, 2026 rent roll, 10 apartments were vacant. The property is in central Glendale, a few blocks east of Glendale Avenue. The Americana at Brand is 0.6 miles away and the Glendale Galleria is 0.8 miles away. SR-134 and SR-2 are each within one mile; I-5 is 2.5 miles away. The Glendale Transportation Center, served by Metrolink, is 1.6 miles from the building.
Key Highlights
- 80 apartments in a 70,632‑square‑foot building on a 26,560‑square‑foot lot
- Unit mix: 69 one‑bedroom, one‑bathroom units and 11 two‑bedroom, two‑bathroom units
- 106 parking spaces across two levels; two elevators serve the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,329,404
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,588,080
$26.6M
Cap Rate 7%
$18,991,486
$19.0M
Cap Rate 9%
$14,771,156
$14.8M
Market Conditions
NOI Build-Up for 70,632 SF
Gross rent
$2.59M $36.60/SF
− Vacancy
−$168.0K −$2.38/SF
EGI
$2.42M $34.22/SF
− OpEx
−$1.09M −$15.40/SF
NOI
$1.33M $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%
$26,588,080
Cap Rate 7%
$18,991,486
Cap Rate 9%
$14,771,156
Alternative Uses
Best Use
Apartment 5plus
$18.99M
$16.62M – $22.16M
NOI $1,329,404 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$42.48M
$37.17M – $49.56M
NOI $2,973,590 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
80
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,516
Businesses Nearby
Explore this area
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?
Apartment building - A two-elevator residential property with 106 parking spaces and central heating and cooling serves a mix of one- and two-bedroom homes.
Where is this apartment building located?
The property is located at 310 N Cedar St Glendale, CA.
What is the asking price?
The asking price for this property is $21,500,000.
What are key features of this property?
This property features: 80 apartments in a 70,632‑square‑foot building on a 26,560‑square‑foot lot; Unit mix: 69 one‑bedroom, one‑bathroom units and 11 two‑bedroom, two‑bathroom units; 106 parking spaces across two levels; two elevators serve the building
