Multifamily Property Near
For Sale
$6,250,000
365 W Milford Street, Glendale, CA 91203
The 1962-built property offers a location near downtown Glendale’s retail, dining, entertainment, and business amenities.
Property Size12,012 SF
Price / SF$520.31
Days on Market9
Property Features for 365 W Milford Street
General Information
Standard status
Active
Size
12,012 SF
Property subtype
Multi-family
Building Details
Year Built
1962
Listing Agency:
CBRE
Listed By:
Jenny Eng · License #01931251
(818) 907-4606
Source:
Sevengables
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 10:55AM
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 CBRE
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Investment Insights
Based on property information with market context.
This multifamily property at 365 W Milford St in Glendale was built in 1962 and contains 12,012 square feet.
Downtown Glendale is nearby, with retail, dining, entertainment, and business amenities in the area.
Downtown Glendale is nearby, with retail, dining, entertainment, and business amenities in the area.
Key Highlights
- 12,012‑square‑foot multifamily property
- Built in 1962
- Near downtown Glendale retail, dining, entertainment, and business amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$226,084
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,521,680
$4.5M
Cap Rate 7%
$3,229,771
$3.2M
Cap Rate 9%
$2,512,044
$2.5M
Market Conditions
NOI Build-Up for 12,012 SF
Gross rent
$439.6K $36.60/SF
− Vacancy
−$28.6K −$2.38/SF
EGI
$411.1K $34.22/SF
− OpEx
−$185.0K −$15.40/SF
NOI
$226.1K $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%
$4,521,680
Cap Rate 7%
$3,229,771
Cap Rate 9%
$2,512,044
Alternative Uses
Best Use
Apartment 5plus
$3.23M
$2.83M – $3.77M
NOI $226,084 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.22M
$6.32M – $8.43M
NOI $505,702 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
7,977
Businesses Nearby
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Business Placement
Demographics for 91203, CA
16,930
Population
7,503
Households
2.3
Avg Household Size
37
Median Age
46%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
18,811
Density / Sq Mi
$77,925
Median Household Income
$48,953
Median Earnings
$2,348
Median Rent
$661,300
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 - The 1962-built property offers a location near downtown Glendale’s retail, dining, entertainment, and business amenities.
Where is this multifamily property located?
The property is located at 365 W Milford Street Glendale, CA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 12,012‑square‑foot multifamily property; Built in 1962; Near downtown Glendale retail, dining, entertainment, and business amenities
