12-Unit Apartment
For Sale
$5,995,000
655 Ivy ST, Glendale, CA 91204
Two-story residences feature in-unit laundry and central A/C.
Property Size9,273 SF
Price / SF$646.50
Days on Market129
Property Features for 655 Ivy ST
General Information
Standard status
Active
Size
9,273 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Moorpark
Units
Unit Mix
11 x 2-bedroom, 1 x 3-bedroom
Multifamily Units
12
Additional Details
Tenant in Place
Yes
Amenities
in-unit laundry
central A/C
Building Details
Building Size
9,273 SF
Year Built
1963
Stories
2
Construction
garden-style
Listing Agency:
eXp Realty of Greater Los Angeles
Listed By:
Trey Ballard · License #02215641
(818) 850-8802
Source:
Carrabbagroup
Added: Jun 24
Changed: Oct 26
Last Checked: Oct 26 at 1:18PM
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 eXp Realty of Greater Los Angeles
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Investment Insights
Based on property information with market context.
This 12-unit, two-story apartment property contains eleven two-bedroom residences and one three-bedroom residence. The 9,273-square-foot building was constructed in 1963. Unit improvements include updated kitchens and bathrooms, new flooring, in-unit laundry, and central A/C.
The property is two blocks from downtown Glendale, the Americana at Brand, and the Galleria.
The property is two blocks from downtown Glendale, the Americana at Brand, and the Galleria.
Key Highlights
- 12 apartments: eleven two‑bedroom units and one three‑bedroom unit
- 9,273‑square‑foot, two‑story building constructed in 1963
- Unit upgrades include kitchens, bathrooms, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,532
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,490,640
$3.5M
Cap Rate 7%
$2,493,314
$2.5M
Cap Rate 9%
$1,939,244
$1.9M
Market Conditions
NOI Build-Up for 9,273 SF
Gross rent
$339.4K $36.60/SF
− Vacancy
−$22.1K −$2.38/SF
EGI
$317.3K $34.22/SF
− OpEx
−$142.8K −$15.40/SF
NOI
$174.5K $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%
$3,490,640
Cap Rate 7%
$2,493,314
Cap Rate 9%
$1,939,244
Alternative Uses
Best Use
Apartment 5plus
$2.49M
$2.18M – $2.91M
NOI $174,532 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.58M
$4.88M – $6.51M
NOI $390,391 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
3,730
Businesses Nearby
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Business Placement
Demographics for 91204, CA
17,302
Population
7,095
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
1.0 sq mi
ZIP Area
17,302
Density / Sq Mi
$72,906
Median Household Income
$41,556
Median Earnings
$1,924
Median Rent
$747,400
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?
Apartment building - Two-story residences feature in-unit laundry and central A/C.
Where is this apartment building located?
The property is located at 655 Ivy ST Glendale, CA.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: 12 apartments: eleven two‑bedroom units and one three‑bedroom unit; 9,273‑square‑foot, two‑story building constructed in 1963; Unit upgrades include kitchens, bathrooms, and flooring
