11-Unit Apartment
For Sale
$3,625,000
402 E Dryden, Glendale, CA 91207
Covered parking, balconies and patios serve this Glendale multifamily property.
Property Size6,703 SF
Price / SF$540.80
Days on Market45
Property Features for 402 E Dryden
General Information
Standard status
Active
Size
6,703 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
11
Amenities
private balconies and patios
landscaped walkways
Building Details
Building Size
6,703 SF
Year Built
1962
Listing Agency:
AVIDA & Associates
Listed By:
Allan Vides · License #01377755
Source:
Avidaassociates
Added: Sep 16
Changed: Oct 26
Last Checked: Oct 26 at 3:12PM
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 AVIDA & Associates
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Investment Insights
Based on property information with market context.
This Glendale apartment property contains 11 units across approximately 6,703 square feet. Built in 1962, the building includes covered on-site parking, private balconies and patios, and landscaped walkways. Its exterior is described as well maintained.
Shopping, dining, grocery stores and daily services are available along Brand Boulevard and North Glendale Avenue. The property is near Downtown Glendale, The Americana at Brand and the Glendale Galleria, with access to the 134 and 2 freeways for travel to Burbank, Pasadena and Downtown Los Angeles.
Shopping, dining, grocery stores and daily services are available along Brand Boulevard and North Glendale Avenue. The property is near Downtown Glendale, The Americana at Brand and the Glendale Galleria, with access to the 134 and 2 freeways for travel to Burbank, Pasadena and Downtown Los Angeles.
Key Highlights
- 11‑unit apartment property with approximately 6,703 square feet of building area
- Built in 1962
- Covered on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,161
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,523,220
$2.5M
Cap Rate 7%
$1,802,300
$1.8M
Cap Rate 9%
$1,401,789
$1.4M
Market Conditions
NOI Build-Up for 6,703 SF
Gross rent
$245.3K $36.60/SF
− Vacancy
−$15.9K −$2.38/SF
EGI
$229.4K $34.22/SF
− OpEx
−$103.2K −$15.40/SF
NOI
$126.2K $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%
$2,523,220
Cap Rate 7%
$1,802,300
Cap Rate 9%
$1,401,789
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.58M – $2.10M
NOI $126,161 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.03M
$3.53M – $4.70M
NOI $282,195 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
11
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,366
Businesses Nearby
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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
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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?
Apartment building - Covered parking, balconies and patios serve this Glendale multifamily property.
Where is this apartment building located?
The property is located at 402 E Dryden Glendale, CA.
What is the asking price?
The asking price for this property is $3,625,000.
What are key features of this property?
This property features: 11‑unit apartment property with approximately 6,703 square feet of building area; Built in 1962; Covered on‑site parking
