1113 Thompson Ave - Apartments FOR SALE


Glendale, CA 91201- Grandview
$3,200,000 USD
1113 Thompson Ave, Glendale, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/13
null | 2.83% Cap Rate

1113 Thompson Ave
Glendale, CA 91201
Grandview


HIGHLIGHTS

  • Desirable unit mix in a well-maintained multifamily asset, offering a combination of one- and two-bedroom units ideal for both individuals + families
  • Prime location in Northwest Glendale, just minutes from the 5 and 134 Freeways, providing easy access to Burbank, Pasadena, and Downtown Los Angeles!
  • High rental demand in a stable, low-vacancy neighborhood known for its excellent schools, walkable streets, and strong sense of community.
  • Well-kept property with classic California charm, on-site parking, and private outdoor spaces, offering immediate livability and long-term value.
  • Strong value-add opportunity through targeted interior renovations, updated finishes, and exterior enhancements to increase rental income.
  • Proximity to major employment hubs such as Disney, DreamWorks, and Warner Bros. Studios, as well as local attractions including Griffith Park.

OVERVIEW

1113 Thompson Avenue is an 8-unit value-add multifamily opportunity located in the highly sought-after Northwest Glendale submarket. Built in 1980 and spanning 7,754 square feet, the property offers a desirable mix of one- and two-bedroom units—perfectly suited for individuals, couples, and small families. Set on a 6,590 SF lot with classic California charm, the building features on-site parking and private outdoor spaces, providing immediate livability and long-term appeal. Positioned just minutes from the 5 and 134 Freeways, the property offers seamless connectivity to major employment and entertainment hubs including Burbank, Pasadena, and Downtown Los Angeles. Residents benefit from proximity to top employers such as Disney, Warner Bros., and DreamWorks Studios, as well as premier retail and recreational destinations like the Glendale Galleria, Brand Boulevard, and Griffith Park. With utilities separately metered for gas and electricity and water master-metered, this well-maintained asset presents investors with strong fundamentals and significant upside potential. Interior renovations and cosmetic enhancements offer an ideal path to increased rental income and property appreciation in one of Glendale’s most stable, low-vacancy neighborhoods known for its excellent schools and strong sense of community.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

8

PRICE/UNIT

$400,000

CAP RATE

2.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,590 SF

ZONING

GLR4*

APN/PARCEL ID

5621-040-031

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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