Updated Triplex with New
For Sale
$1,495,000
609 Corwin Avenue, Glendale, CA 91206
Residential income property featuring two units plus a new ADU.
Property Size2,330 SF
Lot Size0.14 Acres
Days on Market239
Property Features for 609 Corwin Avenue
General Information
Standard status
Active
Size
2,330 SF
Lot size
0.14 Acres
Property subtype
Triplex
Site & Location
Neighborhood
Woodbury
Amenities
Forced Air
Central Air
Electricity Connected, Natural Gas Connected, Sewer Connected
Building Details
Building Size
2,330 SF
Year Built
1925
Stories
1
Listing Agency:
Alliance Partners
Listed By:
Emil Akopian · License #01449462
(818) 339-8115
Source:
Kw
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 8 at 6:23AM
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 Alliance Partners
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Investment Insights
Based on property information with market context.
This residential income producing property features two units plus a newly constructed ADU completed between 2022 and 2023. The property has been updated with modern finishes. Stabilized rents provide rental income. The property is located in a high-demand rental area. This property is intended as a smart, income-producing home or a reliable asset.
Key Highlights
- Income‑producing property with two units plus a newly constructed ADU (2022‑2023)
- Opportunity to live in one unit and rent out the others
- Updated with modern finishes and recent enhancements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,502
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,040
$1.0M
Cap Rate 7%
$721,457
$721.5K
Cap Rate 9%
$561,133
$561.1K
Market Conditions
NOI Build-Up for 2,330 SF
Gross rent
$76.9K $33.00/SF
− Vacancy
−$4.7K −$2.04/SF
EGI
$72.1K $30.96/SF
− OpEx
−$21.6K −$9.29/SF
NOI
$50.5K $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 Rate 5%
$1,010,040
Cap Rate 7%
$721,457
Cap Rate 9%
$561,133
Alternative Uses
Best Use
Multifamily LT 5
$721.5K
$631.3K – $841.7K
NOI $50,502 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$626.5K
$548.2K – $730.9K
NOI $43,854 @ 7.0% cap · market cap 2.93%
Theoretical Best
Specialty Retail
$1.40M
$1.23M – $1.63M
NOI $98,092 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
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Business Placement
Demographics for 91206, CA
33,252
Population
13,767
Households
2.4
Avg Household Size
43
Median Age
47%
College-Educated
90%
High-School Grad
5.8 sq mi
ZIP Area
5,733
Density / Sq Mi
$86,684
Median Household Income
$52,517
Median Earnings
$2,159
Median Rent
$1,094,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Residential income property featuring two units plus a new ADU.
Where is this triplex located?
The property is located at 609 Corwin Avenue Glendale, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Income‑producing property with two units plus a newly constructed ADU (2022‑2023); Opportunity to live in one unit and rent out the others; Updated with modern finishes and recent enhancements
