Remodeled Triplex with Detached
For Sale
$1,150,000
Pending
652 W California, Glendale, CA 91203
Fully occupied triplex with varied unit layouts, in-unit laundry hookups, parking, and a detached three-car garage.
Property Size1,960 SF
Lot Size0.20 Acres
Days on Market73
Property Features for 652 W California
General Information
Standard status
Pending
Size
1,960 SF
Lot size
0.20 Acres
Property subtype
Investment
Zoning
R4
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
laundry hookups inside
Building Details
Building Size
1,960 SF
Year Built
1924
Stories
1
Units
3
Listing Agency:
Nohco Real Estate
Listed By:
Brian Noh · License #01438155
(213) 804-7647
Source:
Elliman
Added: Aug 8
Changed: Oct 18
Last Checked: Oct 16 at 10:11AM
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 Nohco Real Estate
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Investment Insights
Based on property information with market context.
This fully occupied triplex contains 1,960 SF across three units, including two two-bedroom, one-bath residences and one one-bedroom, one-bath residence. Two units have been remodeled, while all units feature spacious layouts and interior laundry hookups. The one-bedroom unit is identified as having potential for conversion to a second bedroom.
The property occupies an 8,858 SF R4 lot at 652 W California in Glendale. On-site parking is available, and a detached three-car garage adds functional storage or parking capacity with potential for ADU conversion. The property is near the Galleria, the Americana, local restaurants and shops, and offers access to the 5 and 134 freeways.
The property occupies an 8,858 SF R4 lot at 652 W California in Glendale. On-site parking is available, and a detached three-car garage adds functional storage or parking capacity with potential for ADU conversion. The property is near the Galleria, the Americana, local restaurants and shops, and offers access to the 5 and 134 freeways.
Key Highlights
- Fully occupied three‑unit property totaling 1,960 SF
- Unit mix includes two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
- Two of the three units have been remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,482
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,640
$849.6K
Cap Rate 7%
$606,886
$606.9K
Cap Rate 9%
$472,022
$472.0K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$64.7K $33.00/SF
− Vacancy
−$4.0K −$2.04/SF
EGI
$60.7K $30.96/SF
− OpEx
−$18.2K −$9.29/SF
NOI
$42.5K $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%
$849,640
Cap Rate 7%
$606,886
Cap Rate 9%
$472,022
Alternative Uses
Best Use
Multifamily LT 5
$606.9K
$531.0K – $708.0K
NOI $42,482 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$527.0K
$461.1K – $614.8K
NOI $36,890 @ 7.0% cap · market cap 3.21%
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,516 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,768
Businesses Nearby
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Business Placement
Demographics for 91203, CA
16,930
Population
7,503
Households
2.3
Avg Household Size
37
Median Age
46%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
18,811
Density / Sq Mi
$77,925
Median Household Income
$48,953
Median Earnings
$2,348
Median Rent
$661,300
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 - Fully occupied triplex with varied unit layouts, in-unit laundry hookups, parking, and a detached three-car garage.
Where is this triplex located?
The property is located at 652 W California Glendale, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Fully occupied three‑unit property totaling 1,960 SF; Unit mix includes two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; Two of the three units have been remodeled
