Four-Unit Quadplex with
For Sale
$1,399,900
434 W Elk, Glendale, CA 91204
Residential units include assigned garage parking, private storage, and shared laundry facilities.
Property Size2,502 SF
Price / SF$559.51
Days on Market9
Property Features for 434 W Elk
General Information
Standard status
Active
Size
2,502 SF
Elevators
No
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
No
Road Access
No
Public Transit
No
Utilities to Site
No
Units
Unit Mix
3 bed / 2 bath, 1 bed / 1 bath, 1 bed / 1 bath, studio / 1 bath
Multifamily Units
4
Additional Details
Furnished
No
Opportunity Zone
No
Sprinkler System
No
Building Details
Building Size
2,502 SF
Year Built
1912
Buildings
1
Abandoned
No
Listing Agency:
Coldwell Banker Hallmark
Listed By:
Anasik Simon · License #01972853
Source:
Carolinakramer
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 11 at 12:21PM
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 Coldwell Banker Hallmark
Investment Insights
Based on property information with market context.
This quadplex contains 2,502 square feet across four residential units. The unit mix includes a three-bedroom, two-bathroom main house, two separate one-bedroom, one-bathroom units, and a studio. Each unit has one assigned garage parking space and private storage. A shared laundry area is equipped with a washer and dryer for resident use.
Built in 1912, the property is located in Glendale near The Americana at Brand and Glendale Galleria. The surrounding area provides access to shopping, dining, entertainment, and everyday amenities.
Built in 1912, the property is located in Glendale near The Americana at Brand and Glendale Galleria. The surrounding area provides access to shopping, dining, entertainment, and everyday amenities.
Key Highlights
- Four‑unit property with a three‑bedroom main house, two one‑bedroom units, and one studio
- 2,502 square feet of total property size
- Each unit includes one assigned garage parking space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,230
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,084,600
$1.1M
Cap Rate 7%
$774,714
$774.7K
Cap Rate 9%
$602,556
$602.6K
Market Conditions
NOI Build-Up for 2,502 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.6K $33.00/SF
− Vacancy
−$5.1K −$2.04/SF
EGI
$77.5K $30.96/SF
− OpEx
−$23.2K −$9.29/SF
NOI
$54.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,084,600
Cap Rate 7%
$774,714
Cap Rate 9%
$602,556
Alternative Uses
Best Use
Multifamily LT 5
$774.7K
$677.9K – $903.8K
NOI $54,230 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$672.7K
$588.7K – $784.9K
NOI $47,092 @ 7.0% cap · market cap 3.36%
Theoretical Best
Specialty Retail
$1.50M
$1.32M – $1.76M
NOI $105,334 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
6,439
Businesses Nearby
Explore this area
Business Placement
Demographics for 91204, CA
17,302
Population
7,095
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
1.0 sq mi
ZIP Area
17,302
Density / Sq Mi
$72,906
Median Household Income
$41,556
Median Earnings
$1,924
Median Rent
$747,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Residential units include assigned garage parking, private storage, and shared laundry facilities.
Where is this quadplex located?
The property is located at 434 W Elk Glendale, CA.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Four‑unit property with a three‑bedroom main house, two one‑bedroom units, and one studio; 2,502 square feet of total property size; Each unit includes one assigned garage parking space
