Three-Unit Residential
408 Raymond, Glendale, CA 91201
For Sale
$1,400,000
Front residence plus two additional units creates a flexible multi-unit configuration near Glendale amenities.
Property Size2,923 SF
Days on Market58
Property Features for 408 Raymond
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Units
Listed By:
Maria Machado
(818) 830-7676
Source:
Elliman
Added: Sep 14
Changed: Oct 26
Last Checked: Nov 8 at 7:04AM
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 Maria Machado
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Investment Insights
Based on property information with market context.
This 1932-built triplex comprises one larger front residence and two additional units. The front home offers 3 bedrooms and 2 bathrooms, while each of the other units includes 2 bedrooms and 1 bathroom. Copper plumbing is present in the main residence.
The property is located at 408 Raymond in Glendale, California, near shopping, dining, transportation, and other local amenities. WalkScore is 77, indicating a Very Walkable setting; BikeScore is 69, or Bikeable; and TransitScore is 51, rated Good Transit. The three-unit arrangement provides distinct residential spaces within one property.
The property is located at 408 Raymond in Glendale, California, near shopping, dining, transportation, and other local amenities. WalkScore is 77, indicating a Very Walkable setting; BikeScore is 69, or Bikeable; and TransitScore is 51, rated Good Transit. The three-unit arrangement provides distinct residential spaces within one property.
Key Highlights
- Three‑unit configuration with one 3‑bedroom, 2‑bath front residence
- Two additional units, each with 2 bedrooms and 1 bathroom
- Copper plumbing in the main residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,355
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,267,100
$1.3M
Cap Rate 7%
$905,071
$905.1K
Cap Rate 9%
$703,944
$703.9K
Market Conditions
NOI Build-Up for 2,923 SF
Gross rent
$96.5K $33.00/SF
− Vacancy
−$6.0K −$2.04/SF
EGI
$90.5K $30.96/SF
− OpEx
−$27.2K −$9.29/SF
NOI
$63.4K $21.67/SF
Area
Glendale, CA
Vacancy
6.17%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,267,100
Cap Rate 7%
$905,071
Cap Rate 9%
$703,944
Alternative Uses
Best Use
Multifamily LT 5
$905.1K
$791.9K – $1.06M
NOI $63,355 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$785.9K
$687.7K – $916.9K
NOI $55,015 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$1.76M
$1.54M – $2.05M
NOI $123,058 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,846
Businesses Nearby
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Business Placement
Demographics for 91201, CA
22,608
Population
8,570
Households
2.6
Avg Household Size
43
Median Age
34%
College-Educated
86%
High-School Grad
2.4 sq mi
ZIP Area
9,420
Density / Sq Mi
$74,980
Median Household Income
$44,444
Median Earnings
$2,034
Median Rent
$1,060,500
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Los Angeles County, CA
Properties on Market for Triplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Front residence plus two additional units creates a flexible multi-unit configuration near Glendale amenities.
Where is this triplex located?
The property is located at 408 Raymond Glendale, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Three‑unit configuration with one 3‑bedroom, 2‑bath front residence; Two additional units, each with 2 bedrooms and 1 bathroom; Copper plumbing in the main residence
