6-Unit Apartment
539 Glenwood Road, Glendale, CA 91202
For Sale
New
$2,600,000
Six residences are served by a newer roof and HVAC systems.
Property Size6,958 SF
Lot Size0.17 Acres
Price / SF$373.67
Days on Market4
Property Features for 539 Glenwood Road
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
JohnHart Real Estate
Listed By:
Raffi Soualian · License CA #01887303
(818) 464-5819
Source:
Velocityrealtysd
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:21PM
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 JohnHart Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1986, this six-unit apartment property contains approximately 6,958 square feet on a 7,463-square-foot lot. The units total 14 bedrooms and 12 bathrooms. A newer roof and newer HVAC systems are among the property’s physical improvements.
At 539 Glenwood Road in Glendale, the property has access to commercial corridors, shopping centers, restaurants, employment hubs, and transportation routes.
At 539 Glenwood Road in Glendale, the property has access to commercial corridors, shopping centers, restaurants, employment hubs, and transportation routes.
Key Highlights
- Six residential units with a combined 14 bedrooms and 12 bathrooms
- Approximately 6,958 square feet of building area on a 7,463‑square‑foot lot
- Newer roof and HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,960
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,619,200
$2.6M
Cap Rate 7%
$1,870,857
$1.9M
Cap Rate 9%
$1,455,111
$1.5M
Market Conditions
NOI Build-Up for 6,958 SF
Gross rent
$254.7K $36.60/SF
− Vacancy
−$16.6K −$2.38/SF
EGI
$238.1K $34.22/SF
− OpEx
−$107.1K −$15.40/SF
NOI
$131.0K $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%
$2,619,200
Cap Rate 7%
$1,870,857
Cap Rate 9%
$1,455,111
Alternative Uses
Best Use
Apartment 5plus
$1.87M
$1.64M – $2.18M
NOI $130,960 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.18M
$3.66M – $4.88M
NOI $292,930 @ 7.0% cap · market cap 11.27%
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
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,175
Businesses Nearby
Explore this area
Business Placement
Demographics for 91202, CA
22,875
Population
9,177
Households
2.5
Avg Household Size
42
Median Age
49%
College-Educated
91%
High-School Grad
4.9 sq mi
ZIP Area
4,668
Density / Sq Mi
$92,343
Median Household Income
$55,266
Median Earnings
$2,185
Median Rent
$1,094,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Glendale, CA
Properties on Market for Apartment buildings in Glendale
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six residences are served by a newer roof and HVAC systems.
Where is this apartment building located?
The property is located at 539 Glenwood Road Glendale, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Six residential units with a combined 14 bedrooms and 12 bathrooms; Approximately 6,958 square feet of building area on a 7,463‑square‑foot lot; Newer roof and HVAC systems
