4-Unit Multifamily
New
For Sale
$1,500,000
373 Myrtle St, Glendale, CA 91203
Residential Income, Glendale, CA
Property Size2,705 SF
Lot Size0.15 Acres
Price / SF$554.53
Days on Market4
Property Features for 373 Myrtle St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GLR4YY
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 4
Parking features
Garage
Lot features
Front Yard, Street Paved
Directions
Between Central and Columbus
Subdivision
Glendale-South of 134 Fwy
Standard status
Active
APN
5637-005-036
Size
2,705 SF
Lot size
0.15 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1913
Floors in Building
2
Number of units
4
Flooring type
Hardwood
Listing Agency:
Compass
(626) 205-4040
Listed By:
Ali Nahle · License #01988178
(818) 987-6490
Added: Oct 16
Changed: Oct 18
Last Checked: Oct 19 at 3:06AM
MLS# 26102643
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.
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Investment Insights
Based on property information with market context.
The property comprises four rental residences arranged across two buildings. A two-bedroom, one-bathroom house sits at the front, while the rear building contains three one-bedroom, one-bathroom apartments. Combined building area is 2,705 square feet on a 0.1505-acre lot. Hardwood flooring, central heating and air conditioning, garage parking, and public water are listed among the property features. The buildings date to 1913.
Located at 373 Myrtle St in Glendale, the property carries GLR4YY zoning. The unit mix includes one two-bedroom residence and three one-bedroom residences.
Located at 373 Myrtle St in Glendale, the property carries GLR4YY zoning. The unit mix includes one two-bedroom residence and three one-bedroom residences.
Key Highlights
- Four rental units in two buildings
- Front house: two bedrooms and one bathroom; rear building: three one‑bedroom, one‑bathroom apartments
- 2,705 square feet of building area on a 0.1505‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,912
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,240
$1.0M
Cap Rate 7%
$727,314
$727.3K
Cap Rate 9%
$565,689
$565.7K
Market Conditions
NOI Build-Up for 2,705 SF
Gross rent
$99.0K $36.60/SF
− Vacancy
−$6.4K −$2.38/SF
EGI
$92.6K $34.22/SF
− OpEx
−$41.7K −$15.40/SF
NOI
$50.9K $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%
$1,018,240
Cap Rate 7%
$727,314
Cap Rate 9%
$565,689
Alternative Uses
Best Use
Apartment 5plus
$727.3K
$636.4K – $848.5K
NOI $50,912 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.63M
$1.42M – $1.90M
NOI $113,880 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
7,977
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residential buildings offer a mix of one- and two-bedroom rental layouts.
Where is this multifamily property located?
The property is located at 373 Myrtle St Glendale, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four rental units in two buildings; Front house: two bedrooms and one bathroom; rear building: three one‑bedroom, one‑bathroom apartments; 2,705 square feet of building area on a 0.1505‑acre lot
