Glendale Multifamily Investment
For Sale
$3,999,000
729 Raleigh St, Glendale, CA 91205
Well-maintained 13-unit building in a desirable Glendale location.
Property Size11,424 SF
Price / SF$350.05
Days on Market190
Property Features for 729 Raleigh St
General Information
Standard status
Active
Size
11,424 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
11,424 SF
Year Built
1964
Listing Agency:
Keller Williams Studio City
Listed By:
Michael Pesci · License #01274379
(818) 432-1500
Source:
Carolinakramer
Added: Mar 31
Changed: Oct 3
Last Checked: Oct 5 at 9:30PM
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 Keller Williams Studio City
Investment Insights
Based on property information with market context.
Located in Glendale, the property at 729 Raleigh St is a multifamily investment opportunity. The property features a unit mix of 2 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, and 10 two-bedroom/two-bath units, totaling 13 units including one non-conforming unit. The concentration of two-bedroom units is attractive to families, professionals, and roommates, contributing to occupancy and rental demand. The building is individually metered for gas and electric. Tenants have access to on-site parking with storage and on-site laundry facilities. The location provides access to retail, dining, and entertainment, including the Glendale Galleria and The Americana at Brand. Residents have access to public transportation, including the Glendale Transportation Center, providing regional connectivity throughout Los Angeles County. The property is centrally located with access to State Route 134, State Route 2, and Interstate 5, allowing travel to surrounding employment centers including Burbank, Pasadena, Downtown Los Angeles, and the greater San Fernando Valley. The location has a walk score of 95, making it a walker's paradise, a bike score of 68, making it bikeable, and a transit score of 64, indicating good transit.
Key Highlights
- Prime Glendale location in a high‑demand rental market.
- Desirable unit mix with a high concentration of two‑bedroom units (10 out of 13) appealing to a broad tenant base.
- Pride‑of‑ownership condition**, indicating well‑maintained property and functional layout.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,017
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,300,340
$4.3M
Cap Rate 7%
$3,071,671
$3.1M
Cap Rate 9%
$2,389,078
$2.4M
Market Conditions
NOI Build-Up for 11,424 SF
Gross rent
$418.1K $36.60/SF
− Vacancy
−$27.2K −$2.38/SF
EGI
$390.9K $34.22/SF
− OpEx
−$175.9K −$15.40/SF
NOI
$215.0K $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%
$4,300,340
Cap Rate 7%
$3,071,671
Cap Rate 9%
$2,389,078
Alternative Uses
Best Use
Apartment 5plus
$3.07M
$2.69M – $3.58M
NOI $215,017 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.87M
$6.01M – $8.02M
NOI $480,948 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,469
Businesses Nearby
Explore this area
Business Placement
Demographics for 91205, CA
36,693
Population
14,424
Households
2.5
Avg Household Size
41
Median Age
39%
College-Educated
84%
High-School Grad
1.9 sq mi
ZIP Area
19,312
Density / Sq Mi
$59,005
Median Household Income
$42,393
Median Earnings
$1,890
Median Rent
$763,100
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 - Well-maintained 13-unit building in a desirable Glendale location.
Where is this apartment building located?
The property is located at 729 Raleigh St Glendale, CA.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Prime Glendale location in a high‑demand rental market.; Desirable unit mix with a **high concentration of two‑bedroom units (10 out of 13)** appealing to a broad tenant base.; Pride‑of‑ownership condition**, indicating well‑maintained property and functional layout.
