1142-1148 Western Ave - Apartments FOR SALE


Glendale, CA 91201- Grandview
$4,995,000 USD
818-522-9524
1142-1148 Western Ave, Glendale, CA for Sale
$4,995,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

1142-1148 Western Ave
Glendale, CA 91201
Grandview


OVERVIEW

Rare opportunity to acquire a prime 17-unit multifamily asset in the heart of Glendale, located at **1142–1148 Western Ave**. Situated on a **massive 23,000+ sq ft lot**, this well-maintained property offers both stable in-place income and significant value-add potential through the development of **up to 8 ADUs** (Accessory Dwelling Units) – an exceptional opportunity for savvy investors or developers. **Key Highlights:** * **17 Existing Units**: A strong mix of units with long-term tenants and upside potential through strategic renovations or repositioning. * **Huge Lot**: Over **23,000 sq ft** of land in a central Glendale location — ideal for ADU additions or future redevelopment. * **ADU Potential**: Conceptual plans indicate the possibility of constructing **up to 8 ADUs**, significantly increasing total unit count and future revenue. * **Desirable Location**: Located just minutes from downtown Glendale, The Americana at Brand, major freeways, and top employment centers. * **Ample On-Site Parking**: Surface parking available for existing and future units, enhancing tenant convenience and marketability. * **Stable Income with Upside**: Current rents offer a solid foundation with considerable headroom for increases through renovation and expansion. This is a rare, high-potential property ideal for an investor looking to capitalize on Glendale's strong rental demand, pro-ADU zoning climate, and value-add upside.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

17

PRICE/UNIT

$293,824

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,583 SF

ZONING

GLR4YY

APN/PARCEL ID

5623-015-014

ASK ABOUT THIS PROPERTY

Mark TruebloodTrumarkMore Info
818-522-9524

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Mark TruebloodTrumarkMore Info
818-522-9524

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.