18-Unit Apartment
For Sale
$5,000,000
330 E Dryden St, Glendale, CA 91207
MULTI_FAMILY - Glendale, CA
Property Size21,020 SF
Lot Size0.41 Acres
Price / SF$237.87
Days on Market65
Property Features for 330 E Dryden St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GLR4YY
Bedrooms
36
Bathrooms
36
Full bathrooms
2
Rooms
Bathroom 9, Bedroom 27, Bedroom 32, Bedroom 26, Bedroom 22, Bathroom 34, Bedroom 13, Bathroom 4, Bathroom 21, Bedroom 17, Bedroom 7, Bedroom 16, Bedroom 4, Bedroom 34, Bedroom 11, Bedroom 21, Bathroom 17, Bathroom 7, Bedroom 1, Bedroom 15, Bathroom 11, Bathroom 26, Bedroom 3, Bathroom 6, Bathroom 16, Bathroom 27, Bathroom 18, Bathroom 31, Bathroom 3, Bedroom 14, Bathroom 20, Bedroom 8, Bathroom 24, Bathroom 35, Bathroom 25, Bathroom 1, Bedroom 30, Bedroom 12, Bathroom 15, Bedroom 6, Bathroom 13, Bedroom 18, Bathroom 8, Bedroom 10, Bedroom 25, Bathroom 12, Bathroom 23, Bathroom 33, Bathroom 10, Bathroom 36, Bathroom 32, Bathroom 29, Bedroom 19, Bedroom 9, Bedroom 23, Bedroom 29, Bedroom 33, Bathroom 19, Bedroom 28, Bathroom 14, Bathroom 2, Bedroom 20, Bedroom 31, Bedroom 35, Bedroom 2, Bathroom 28, Bedroom 24, Bathroom 30, Bathroom 5, Bathroom 22, Bedroom 36, Bedroom 5
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Subdivision
Rossmoyne & Verdugo Woodlands
Standard status
Active
APN
5644-010-036
Size
21,020 SF
Lot size
0.41 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1961
Number of units
18
Listing Agency:
Beverly & Company Luxury Properties
(323) 410-0848
Listed By:
Sokrat Arzumanyan · License #01901158
(818) 800-0770
Added: Jun 11
Changed: Aug 14
Last Checked: Aug 14 at 4:06AM
MLS# 26846403
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1961, this 18-unit apartment property contains 21,020 square feet on a 0.4096-acre lot. The building is served by central heating and central air conditioning, with parking identified among the property improvements. The asset is located at 330 E Dryden St in Glendale, California, within Los Angeles County and the 91207 postal area.
The property is described as being near Downtown Glendale, The Americana at Brand, Glendale Galleria, employment centers, dining, shopping, transportation corridors, public transportation, and major freeways. Zoning is identified as GLR4YY. Unit count, square footage, rents, expenses, permits, zoning, and development potential should be independently verified.
The property is described as being near Downtown Glendale, The Americana at Brand, Glendale Galleria, employment centers, dining, shopping, transportation corridors, public transportation, and major freeways. Zoning is identified as GLR4YY. Unit count, square footage, rents, expenses, permits, zoning, and development potential should be independently verified.
Key Highlights
- 18 apartment units
- 21,020 square feet of property area
- 0.4096‑acre 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
$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
3,128
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 - Glendale multifamily property with central heating and cooling on a 0.4096-acre residential site.
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; 21,020 square feet of property area; 0.4096‑acre lot
