8-Unit Apartment
New
For Sale
$3,200,000
918 N Louise St, Glendale, CA 91207
A varied bedroom mix and covered carport parking serve the building’s eight residences.
Property Size7,893 SF
Price / SF$405.42
Days on Market2
Property Features for 918 N Louise St
General Information
Standard status
Active
Size
7,893 SF
Total Parking Spaces
8
Property subtype
Investment
Units
Unit Mix
2 x 2BR+loft/1.5BA, 3 x 2BR/1.5BA, 1 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
8
Building Details
Building Size
7,893 SF
Year Built
1957
Buildings
1
Units
8
Listing Agency:
JohnHart Real Estate; 818-464-5819
Listed By:
Raffi Soualian · License #01887303
(818) 246-1099
Source:
Elliman
Added: Oct 7
Last Checked: Oct 7 at 11:41AM
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 JohnHart Real Estate; 818-464-5819
Investment Insights
Based on property information with market context.
This 8-unit apartment building contains 7,893 square feet and offers four floor-plan configurations. Two units have 2 bedrooms, a loft, and 1.5 bathrooms; three have 2 bedrooms and 1.5 bathrooms; one has 3 bedrooms and 2 bathrooms; and two have 1 bedroom and 1 bathroom. The property also includes 8 covered carport parking spaces.
The building is located on N Louise Street in Glendale, above Glenoaks. Shopping, dining, entertainment, transportation, and major thoroughfares are identified as nearby access points.
The building is located on N Louise Street in Glendale, above Glenoaks. Shopping, dining, entertainment, transportation, and major thoroughfares are identified as nearby access points.
Key Highlights
- 8 residential units across four floor‑plan configurations
- 7,893 square feet of building area
- Two 2‑bedroom‑plus‑loft units, each with 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,558
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,971,160
$3.0M
Cap Rate 7%
$2,122,257
$2.1M
Cap Rate 9%
$1,650,644
$1.7M
Market Conditions
NOI Build-Up for 7,893 SF
Gross rent
$288.9K $36.60/SF
− Vacancy
−$18.8K −$2.38/SF
EGI
$270.1K $34.22/SF
− OpEx
−$121.5K −$15.40/SF
NOI
$148.6K $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%
$2,971,160
Cap Rate 7%
$2,122,257
Cap Rate 9%
$1,650,644
Alternative Uses
Best Use
Apartment 5plus
$2.12M
$1.86M – $2.48M
NOI $148,558 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.75M
$4.15M – $5.54M
NOI $332,293 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
4,690
Businesses Nearby
Explore this area
Business Placement
Demographics for 91207, CA
10,369
Population
4,272
Households
2.4
Avg Household Size
47
Median Age
51%
College-Educated
95%
High-School Grad
1.6 sq mi
ZIP Area
6,481
Density / Sq Mi
$108,196
Median Household Income
$71,515
Median Earnings
$2,192
Median Rent
$1,246,300
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - A varied bedroom mix and covered carport parking serve the building’s eight residences.
Where is this apartment building located?
The property is located at 918 N Louise St Glendale, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 8 residential units across four floor‑plan configurations; 7,893 square feet of building area; Two 2‑bedroom‑plus‑loft units, each with 1.5 bathrooms
