18-Unit Apartment
For Sale
$5,000,000
330 E Dryden St, Glendale, CA 91207
Multifamily property near Downtown Glendale with on-site parking and access to shopping, dining, employment, and transportation.
Property Size21,020 SF
Price / SF$237.87
Days on Market47
Property Features for 330 E Dryden St
General Information
Standard status
Active
Size
21,020 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
18
Building Details
Year Built
1961
Listing Agency:
Beverly and Company, Inc.
(949) 439-9538
Listed By:
McCall Real Estate Partners · License #01901158
(949) 439-9538
Source:
Barbaraandautumn
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 30 at 4:31PM
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 Beverly and Company, Inc.
Investment Insights
Based on property information with market context.
Located at 330 E Dryden St in Glendale, this apartment property contains 18 units within a 21020-square-foot building constructed in 1961. The asset sits on a residential street and includes ample parking for the property.
The location provides proximity to Downtown Glendale, The Americana at Brand, Glendale Galleria, dining, shopping, employment centers, major freeways, public transportation, and regional transportation corridors. It is also positioned near employment centers serving Los Angeles, Burbank, Pasadena, and the San Fernando Valley.
The location provides proximity to Downtown Glendale, The Americana at Brand, Glendale Galleria, dining, shopping, employment centers, major freeways, public transportation, and regional transportation corridors. It is also positioned near employment centers serving Los Angeles, Burbank, Pasadena, and the San Fernando Valley.
Key Highlights
- 18 apartment units
- 21020‑square‑foot building constructed in 1961
- Located at 330 E Dryden St, Glendale, CA 91207
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
$395,629
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
7.91%
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%
$7,912,580
$7.9M
Cap Rate 7%
$5,651,843
$5.7M
Cap Rate 9%
$4,395,878
$4.4M
Market Conditions
NOI Build-Up for 21,020 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
$769.3K $36.60/SF
− Vacancy
−$50.0K −$2.38/SF
EGI
$719.3K $34.22/SF
− OpEx
−$323.7K −$15.40/SF
NOI
$395.6K $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%
$7,912,580
Cap Rate 7%
$5,651,843
Cap Rate 9%
$4,395,878
Alternative Uses
Best Use
Apartment 5plus
$5.65M
$4.95M – $6.59M
NOI $395,629 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.64M
$11.06M – $14.75M
NOI $884,937 @ 7.0% cap · market cap 17.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,366
Businesses Nearby
Explore this area
Business Placement
Demographics for 91207, CA
10,369
Population
4,272
Households
2.4
Avg Household Size
47
Median Age
51%
College-Educated
95%
High-School Grad
1.6 sq mi
ZIP Area
6,481
Density / Sq Mi
$108,196
Median Household Income
$71,515
Median Earnings
$2,192
Median Rent
$1,246,300
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 - Multifamily property near Downtown Glendale with on-site parking and access to shopping, dining, employment, and transportation.
Where is this apartment building located?
The property is located at 330 E Dryden St Glendale, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 18 apartment units; 21020‑square‑foot building constructed in 1961; Located at 330 E Dryden St, Glendale, CA 91207
