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Property summary
This exceptional multifamily investment opportunity presents a remarkable chance to acquire a well-maintained, two-story brick apartment building in Glendale, California's desirable Tropico neighborhood. The property, encompassing approximately 30,896 square feet, comprises 45 units: 3 studios and 42 one-bedroom, one-bathroom apartments, boasting a 97% occupancy rate. Built in 1927 and 1931, the two buildings sit on a sizable 28,167 square foot lot and offer residents a range of amenities… including onsite laundry facilities, secure controlled access, a spacious courtyard, and a meticulously maintained swimming pool – a highly desirable feature in Southern California's sunny climate. Individual apartment features include laminate flooring, microwave ovens, and air conditioning. The property's prime location is a key advantage, situated within walking distance of public transit, the Americana and Glendale Galleria malls, and a Von's grocery store. Glendale Memorial Hospital is also conveniently close by. Its proximity to Downtown Glendale (1.7 miles), Burbank, and Pasadena further enhances its appeal. The property is zoned GLC3 and includes 15 parking spaces. This pet-friendly building offers a strong investment opportunity due to its high occupancy, desirable location, and attractive amenities. The asking price is $12,100,000, representing a price per square foot of $391.64 and a price per unit of $268,888.89. This is a net lease investment.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2024
Value estimate
· Oct 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 17 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 30,896 SF
- Lot area
- 0.65 ac
- Year built
- 1927
- APN
- 5640-006-006
- Zoning
- GLC3*
- Assessed value · 2024
- $3,827,377
- Annual tax · 2024
- $45,227
- Commercial (general)
- Apartment House (5+ Units) · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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