8-Unit Apartment
New
For Sale
$2,700,000
809 E Chestnut ST, Glendale, CA 91205
A six-unit mix pairs with on-site laundry and tenant agreements on a month-to-month basis.
Property Size5,974 SF
Days on Market4
Property Features for 809 E Chestnut ST
General Information
Standard status
Active
Size
5,974 SF
Total Parking Spaces
13
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Citrus Grove
Units
Unit Mix
4 x 2BR/2BA, 4 x 1BR/1BA
Multifamily Units
8
Additional Details
Tenant in Place
Yes
Amenities
community washer and dryer facility
Building Details
Building Size
5,974 SF
Year Built
1985
Tenancy
Multi
Listing Agency:
Better Homes and Gardens Real Estate Town Center
Listed By:
Susan Featherly · License #01445745
(818) 726-7007
Source:
Milsteinestates
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 8:44PM
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 Better Homes and Gardens Real Estate Town Center
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1985, this 8-unit apartment property contains four 2-bedroom, 2-bathroom apartments and four 1-bedroom, 1-bathroom apartments. The 5,974-square-foot building also has a community laundry facility with a washer and dryer, plus 13 on-site parking spaces. A silicone roof upgrade is among the property’s capital improvements.
All current tenant agreements are month to month. The property is located in Glendale, near the Americana at Brand and local dining areas.
All current tenant agreements are month to month. The property is located in Glendale, near the Americana at Brand and local dining areas.
Key Highlights
- 8 apartments: four 2‑bedroom/2‑bathroom units and four 1‑bedroom/1‑bathroom units
- 5,974 square feet; built in 1985
- 13 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,440
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,248,800
$2.2M
Cap Rate 7%
$1,606,286
$1.6M
Cap Rate 9%
$1,249,333
$1.2M
Market Conditions
NOI Build-Up for 5,974 SF
Gross rent
$218.6K $36.60/SF
− Vacancy
−$14.2K −$2.38/SF
EGI
$204.4K $34.22/SF
− OpEx
−$92.0K −$15.40/SF
NOI
$112.4K $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%
$2,248,800
Cap Rate 7%
$1,606,286
Cap Rate 9%
$1,249,333
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.87M
NOI $112,440 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.59M
$3.14M – $4.19M
NOI $251,504 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,185
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A six-unit mix pairs with on-site laundry and tenant agreements on a month-to-month basis.
Where is this apartment building located?
The property is located at 809 E Chestnut ST Glendale, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 8 apartments: four 2‑bedroom/2‑bathroom units and four 1‑bedroom/1‑bathroom units; 5,974 square feet; built in 1985; 13 on‑site parking spaces
