10-Unit Apartment
For Sale
$4,700,000
608 Glenwood RD, Glendale, CA 91202
The multi-level property includes private balconies, gated access and landscaped grounds.
Property Size10,786 SF
Days on Market8
Property Features for 608 Glenwood RD
General Information
Standard status
Active
Size
10,786 SF
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
10
Amenities
private balconies
gated access
attractive landscaping
Building Details
Building Size
10,786 SF
Year Built
1987
Listing Agency:
JohnHart Real Estate
Listed By:
Raffi Soualian · License #01887303
(818) 464-5819
Source:
Milsteinestates
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 13 at 3:51AM
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
Investment Insights
Based on property information with market context.
Built in 1987, this 10-unit apartment property has a multi-level design with private balconies. Gated access and landscaped grounds are also part of the property.
The Glendale location provides access to Downtown Glendale, the Americana at Brand and Glendale Galleria, along with shopping, dining, entertainment and major transportation routes.
The Glendale location provides access to Downtown Glendale, the Americana at Brand and Glendale Galleria, along with shopping, dining, entertainment and major transportation routes.
Key Highlights
- 10‑unit apartment property
- Built in 1987
- Multi‑level building with private balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$203,009
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,060,180
$4.1M
Cap Rate 7%
$2,900,129
$2.9M
Cap Rate 9%
$2,255,656
$2.3M
Market Conditions
NOI Build-Up for 10,786 SF
Gross rent
$394.8K $36.60/SF
− Vacancy
−$25.7K −$2.38/SF
EGI
$369.1K $34.22/SF
− OpEx
−$166.1K −$15.40/SF
NOI
$203.0K $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%
$4,060,180
Cap Rate 7%
$2,900,129
Cap Rate 9%
$2,255,656
Alternative Uses
Best Use
Apartment 5plus
$2.90M
$2.54M – $3.38M
NOI $203,009 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.49M
$5.68M – $7.57M
NOI $454,088 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
10
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - The multi-level property includes private balconies, gated access and landscaped grounds.
Where is this apartment building located?
The property is located at 608 Glenwood RD Glendale, CA.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 10‑unit apartment property; Built in 1987; Multi‑level building with private balconies
