14-Unit Apartment
For Sale
$4,100,000
327 Riverdale, Glendale, CA 91204
Three-building multifamily property with single and tandem parking near Glendale Galleria Mall and Americana Shopping Center.
Property Size8,255 SF
Days on Market21
Property Features for 327 Riverdale
General Information
Standard status
Active
Size
8,255 SF
Total Parking Spaces
14
Property subtype
Apartment
Additional Details
Multifamily Units
14
Building Details
Building Size
8,255 SF
Year Built
1952
Buildings
3
Listing Agency:
Keller Williams Realty
Listed By:
Steve Kwon · License #01453193
(626) 353-4557
Source:
Milsteinestates
Added: Aug 19
Changed: Sep 5
Last Checked: Sep 8 at 11:29AM
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
Investment Insights
Based on property information with market context.
This multifamily property at 327 Riverdale in Glendale includes three separate buildings on a large lot. The configuration totals 14 units, consisting of 13 units plus one nonconforming unit. The property was built in 1952 and includes 14 parking spaces arranged in single and tandem formats.
The 14th unit’s status should be confirmed with the City of Glendale, as municipal permits may identify it as a legal unit. The property is within walking distance of Glendale Galleria Mall and Americana Shopping Center, with downtown Glendale also nearby. The address places the asset in Glendale, California 91204.
The 14th unit’s status should be confirmed with the City of Glendale, as municipal permits may identify it as a legal unit. The property is within walking distance of Glendale Galleria Mall and Americana Shopping Center, with downtown Glendale also nearby. The address places the asset in Glendale, California 91204.
Key Highlights
- 14 total units across 3 buildings, including 13 units plus 1 nonconforming unit
- 14 parking spaces with single and tandem arrangements
- 1952 construction on a large lot
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
$155,372
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
3.79%
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%
$3,107,440
$3.1M
Cap Rate 7%
$2,219,600
$2.2M
Cap Rate 9%
$1,726,356
$1.7M
Market Conditions
NOI Build-Up for 8,255 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
$302.1K $36.60/SF
− Vacancy
−$19.6K −$2.38/SF
EGI
$282.5K $34.22/SF
− OpEx
−$127.1K −$15.40/SF
NOI
$155.4K $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%
$3,107,440
Cap Rate 7%
$2,219,600
Cap Rate 9%
$1,726,356
Alternative Uses
Best Use
Apartment 5plus
$2.22M
$1.94M – $2.59M
NOI $155,372 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.96M
$4.34M – $5.79M
NOI $347,533 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
6,444
Businesses Nearby
Explore this area
Business Placement
Demographics for 91204, CA
17,302
Population
7,095
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
1.0 sq mi
ZIP Area
17,302
Density / Sq Mi
$72,906
Median Household Income
$41,556
Median Earnings
$1,924
Median Rent
$747,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-building multifamily property with single and tandem parking near Glendale Galleria Mall and Americana Shopping Center.
Where is this apartment building located?
The property is located at 327 Riverdale Glendale, CA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 14 total units across 3 buildings, including 13 units plus 1 nonconforming unit; 14 parking spaces with single and tandem arrangements; 1952 construction on a large lot
