Glendale Multifamily Property For
453 Ivy Street, Glendale, CA 91204
18-unit multifamily property in Glendale, built in 1984.
Type:Multifamily
Property size:
20,733 SFLot size:
0.34 AcresPrice / SF:
$361/SF- Added:
- Mar 25, 2026
- Days on Market:
- 68
- Last Refresh:
- Mar 18 at 9:29 am
Property Features for 453 Ivy Street
General Information
- Standard status
- Active
- Size
- 20,733 SF
- Lot size
- 0.34 Acres
- Property subtype
- Multifamily
Listing agent Jenny Eng License #01931251
Listing office (310) 550-2500
Listing date Mar 25, 2026
Source Cbre
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 Jenny Eng
HighLights
- Prime Glendale location with a Walk Score of 91, near The Americana at Brand, Glendale Galleria Mall, and Downtown Glendale.
- Spacious two‑bedroom/two‑bathroom layouts in all 18 units.
- Well‑maintained, controlled‑access building with an elevator and partial subterranean parking.
- Units feature in‑unit laundry (or shared laundry), central air & heat, fireplaces, and balconies/patios.
- Built in 1984 with a building size of ±20,733 SF on a ±14,959 GLR4 lot.
- Significant rental upside with current rents ±31% under market value.
Overview
Located in Glendale, south of Broadway and north of Colorado Street, this three-story multifamily property at 453 Ivy Street presents an investment opportunity. Constructed in 1984, the building has a total size of approximately 20,733 square feet and is situated on a 14,959 square foot lot. The property features controlled access, landscaping, and is equipped with an elevator. Parking is provided through partial subterranean spaces, with storage areas. Select units also have individual garages within the parking structure. The property contains 17 legal units and 1 non-conforming unit. The unit mix consists of two-bedroom/two-bathroom units. These units are approximately 1,148 square feet and include laminate wood and tile flooring, a stove, refrigerator, microwave, dishwasher, central air and heat, in-unit laundry (non-conforming units have a shared laundry room), recessed lighting, a fireplace, closet and storage space, and a balcony or patio. Select units have been renovated. The property is separately metered for gas and electric, with non-conforming units master-metered, and serviced by central water heaters. The property is located near The Americana at Brand, Glendale Galleria Mall, and Downtown Glendale, as well as shopping, dining, and entertainment along Colorado Street, Central Ave, Brand Boulevard, Broadway, and Glendale Avenue, Glendale Fashion Center, LA Zoo, Griffith Park, Griffith Observatory, and Glendale Community College.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $758.8k | $36.60 |
| − Vacancy | −$49.3k | −$2.38 |
| EGI | $709.5k | $34.22 |
| − OpEx | −$319.3k | −$15.40 |
| NOI | $390.2k | $18.82 |
20,733 SF · lease $36.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.57M
$4.88M – $6.50M
NOI $390,227 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.47M
$10.91M – $14.55M
NOI $872,854 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Rainbow Pool & Spa
General Contractor
Location Insight
- Map
- Local Demand
- City
- Glendale
- County
- Los Angeles
- State
- California
- Longitude
- -118.2633121
- Latitude
- 34.1461182
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 18-unit multifamily property in Glendale, built in 1984.
Where is this apartment building located?
The property is located at 453 Ivy Street Glendale, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Prime Glendale location with a Walk Score of 91, near The Americana at Brand, Glendale Galleria Mall, and Downtown Glendale.; Spacious two‑bedroom/two‑bathroom layouts in all 18 units.; Well‑maintained, controlled‑access building with an elevator and partial subterranean parking.
