Two-Building Industrial
604 Ruberta Ave Glendale, CA 91201
604 Ruberta Ave, Glendale, CA, 91201
$4,300,000
For Sale
$4,300,000
Two adjacent industrial buildings totaling 11,379 sq. ft. on a 20,405 sq. ft. lot in an IND-zoned Glendale site.
Property Size11,379 SF
Lot Size0.47 Acres
Price / SF$377.89
Days on Market89
Property Features for 604 Ruberta Ave
General Information
- Standard status
- Active
- Size
- 11,379 SF
- Lot size
- 0.47 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1980
Listing agency
Listed by
Edgar Matevosian
Source
Elliman
Added: Apr 24 Updated: Jul 20 at 5:05PM Checked: Jul 21 at 6:10AM
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 Edgar Matevosian
Investment Insights
Based on property information with market context.
The offering is a two-building industrial portfolio consisting of adjacent buildings at 604 and 608 Ruberta Avenue. The combined building area is approximately 11,379 square feet on a combined 20,405 square foot lot. The site is zoned IND (Industrial District), supporting a range of industrial uses such as warehouse, light manufacturing, contractor use, automotive-related operations, storage, and distribution. The layout is described as supporting functional loading access and usable yard area, along with efficient circulation for on-site operations.
The property is located within Glendale’s established industrial pocket, with convenient regional access to major transportation corridors including the 5, 134, and 2 freeways. Public transit access is noted as Some Transit, with Walk Score indicated as Very Walkable and Bike Score indicated as Bikeable.
As a portfolio, the adjacent configuration is designed to accommodate operational flexibility and potential multi-tenant setup, as well as future strategic disposition.
The property is located within Glendale’s established industrial pocket, with convenient regional access to major transportation corridors including the 5, 134, and 2 freeways. Public transit access is noted as Some Transit, with Walk Score indicated as Very Walkable and Bike Score indicated as Bikeable.
As a portfolio, the adjacent configuration is designed to accommodate operational flexibility and potential multi-tenant setup, as well as future strategic disposition.
Key Highlights
- Two adjacent industrial buildings totaling 11,379 sq. ft. on a combined 20,405 sq. ft. lot in Glendale
- IND (Industrial District) zoning offers flexibility for a range of industrial uses
- Portfolio layout supports efficient circulation with functional loading access and usable yard area
Local Financial Insights For Warehouse
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 | $202.1k | $17.76 |
| − Vacancy | −$12.7k | −$1.12 |
| EGI | $189.4k | $16.64 |
| − OpEx | −$28.4k | −$2.50 |
| NOI | $161.0k | $14.14 |
11,379 SF · lease $17.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.30M
$2.01M – $2.68M
NOI $160,955 @ 7.0% cap · market cap 3.74%
Second Best
Flex RnD
$1.73M
$1.51M – $2.02M
NOI $120,975 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$6.84M
$5.99M – $7.98M
NOI $479,053 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Anoush Catering at Glenoaks Ballroom — 1320 W Glenoaks Blvd, Glendale, CA 91201
- VOSKEVAZ FOOD — 1054 Justin Ave unit b, Glendale, CA 91201
- LA Cozina Taquizas Catering — 1617 W Glenoaks Blvd Ste 1617, Glendale, CA 91201
- Legacy Catering — 6408 San Fernando Rd, Glendale, CA 91201
FAQs
What type of property is this?
Flex space - Two adjacent industrial buildings totaling 11,379 sq. ft. on a 20,405 sq. ft. lot in an IND-zoned Glendale site.
Where is this flex space located?
The property is located at 604 Ruberta Ave Glendale, CA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Two adjacent industrial buildings totaling 11,379 sq. ft. on a combined 20,405 sq. ft. lot in Glendale; IND (Industrial District) zoning offers flexibility for a range of industrial uses; Portfolio layout supports efficient circulation with functional loading access and usable yard area
