1142-1148 Western Ave - Apartments FOR SALE


Glendale, CA 91201- Grandview
$4,995,000 USD
818-924-2063
1142-1148 Western Ave, Glendale, CA for Sale
$4,995,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

1142-1148 Western Ave
Glendale, CA 91201
Grandview


HIGHLIGHTS

  • The property is fully occupied with 17 stabilized multifamily units, offering immediate in-place income and operational efficiency.
  • Entitlements allow for the development of up to eight Accessory Dwelling Units (ADUs), providing a clear path for future value-add potential.
  • Located in a high-demand Glendale neighborhood known for its excellent schools, safety, and proximity to major employment centers.
  • The asset is positioned within a strong rental market, supported by consistent tenant demand and long-term occupancy trends.
  • Easy access to the 5 and 134 freeways enhances regional connectivity and tenant appeal.
  • Professionally managed by Trumark Real Estate Management, a firm with over 60 years of experience and a portfolio exceeding 2,000 multifamily units.

OVERVIEW

Located in the heart of Glendale, this fully occupied 17-unit multifamily complex at 1142–1148 Western Ave presents a rare opportunity for investors seeking stable cash flow and long-term upside. The property spans 11,152 square feet on a 0.55-acre lot, offering a well-maintained residential environment in one of Southern California’s most desirable submarkets. Glendale is known for its safe neighborhoods, top-rated schools, and proximity to major employment hubs including Downtown Los Angeles, Burbank, and Pasadena. With seamless access to the 5 and 134 freeways, residents enjoy excellent connectivity across the region. The property’s location supports strong rental demand and long-term tenant retention. A standout feature is the potential to develop up to eight Accessory Dwelling Units (ADUs), allowing for future expansion and increased rental income. This added flexibility enhances the asset’s value proposition for both seasoned investors and owner-users. The offering is backed by a proven management team at Trumark Real Estate Management, which oversees over 2,000 multifamily units and 1 million square feet of commercial space across California and Arizona. With a market cap rate of 4.9% and full occupancy, this asset delivers immediate income and long-term growth potential in a high-demand rental corridor. The three buildings were built in 1928, 1949 and 1959 respectively.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$448 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
818-924-2063

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Mark TruebloodTrumarkMore Info
818-924-2063

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