16-Unit Apartment
For Sale
$5,950,000
433 N Louise, Glendale, CA 91206
Central HVAC, gated parking, and on-site laundry support the property’s residential operation.
Property Size17,432 SF
Price / SF$341.33
Days on Market56
Property Features for 433 N Louise
General Information
Standard status
Active
Size
17,432 SF
Property subtype
Apartment
Units
Unit Mix
4 x 1BR, 12 x 2BR
Multifamily Units
16
Amenities
laundry rooms
gated parking
fireplaces
central HVAC
Building Details
Building Size
17,432 SF
Year Built
1985
Listing Agency:
David N. Schultz
Listed By:
Jennifer Bertolet · License #01198189
(818) 383-8820
Source:
Carolinakramer
Added: Sep 7
Changed: Oct 31
Last Checked: Oct 30 at 11:46PM
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 David N. Schultz
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Investment Insights
Based on property information with market context.
Located at 433 N Louise in Glendale, this 16-unit apartment property was built in 1985 and offers a mix of four one-bedroom residences and 12 two-bedroom residences. Most units have been upgraded with luxury vinyl plank flooring and granite or quartz countertops, while 14 units include fireplaces. Central HVAC serves every unit.
The property also includes two laundry rooms and gated parking. Brand Boulevard’s shopping and dining are within walking distance. The asset has been held by the same ownership since 1995 and is now being offered for sale.
The property also includes two laundry rooms and gated parking. Brand Boulevard’s shopping and dining are within walking distance. The asset has been held by the same ownership since 1995 and is now being offered for sale.
Key Highlights
- 16‑unit apartment property with 4 one‑bedroom and 12 two‑bedroom units
- Built in 1985 with upgrades in most units
- 14 units feature fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$328,097
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,561,940
$6.6M
Cap Rate 7%
$4,687,100
$4.7M
Cap Rate 9%
$3,645,522
$3.6M
Market Conditions
NOI Build-Up for 17,432 SF
Gross rent
$638.0K $36.60/SF
− Vacancy
−$41.5K −$2.38/SF
EGI
$596.5K $34.22/SF
− OpEx
−$268.4K −$15.40/SF
NOI
$328.1K $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%
$6,561,940
Cap Rate 7%
$4,687,100
Cap Rate 9%
$3,645,522
Alternative Uses
Best Use
Apartment 5plus
$4.69M
$4.10M – $5.47M
NOI $328,097 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.48M
$9.17M – $12.23M
NOI $733,883 @ 7.0% cap · market cap 12.33%
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
Open Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
8,274
Businesses Nearby
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Business Placement
Demographics for 91206, CA
33,252
Population
13,767
Households
2.4
Avg Household Size
43
Median Age
47%
College-Educated
90%
High-School Grad
5.8 sq mi
ZIP Area
5,733
Density / Sq Mi
$86,684
Median Household Income
$52,517
Median Earnings
$2,159
Median Rent
$1,094,100
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 - Central HVAC, gated parking, and on-site laundry support the property’s residential operation.
Where is this apartment building located?
The property is located at 433 N Louise Glendale, CA.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 16‑unit apartment property with 4 one‑bedroom and 12 two‑bedroom units; Built in 1985 with upgrades in most units; 14 units feature fireplaces
