206-604-9750
1151 Sonora Ave, Glendale, CA for Sale
Apartments - FOR SALE
1/21
null | Request Cap Rate

1151 Sonora Ave
Glendale, CA 91201
Grandview


HIGHLIGHTS

  • Separate Parcel Sale Optionality: The Property consists of two separate parcels, providing the flexibility to purchase as a 62-unit and 15-unit
  • Value-Add Upside with Attractive In-Place Financing: Value-add opportunity with the ability to assume in-place financing
  • Large Unit Sizes: The Property features an average unit size of approximately 1,051 SF
  • Strong Operational Performance T6 occupancy of 95%+, with T60 lease trade-outs of 2.5% and 6% on T30 renewals.
  • Strategic Location Without LA Regulatory Burden Central access to employment centers in Los Angeles without the City of Los Angeles red tape
  • Highly Desirable Location Proximity to over 1.9M of Class A retail, including the Glendale Galleria, Americana at Brand, and Burbank Media District.

OVERVIEW

Newmark as exclusive advisor, is pleased to present the rare opportunity to acquire Legacy at Westglen (the “Property”), a 77- unit value-add multifamily community, located north of Glenoaks Boulevard, a major thoroughfare in the Tri-Cities, within the affl uent city of Glendale, California. Legacy at Westglen off ers residents unmatched access to Greater Los Angeles’ employment hubs within a 15-minute drive and top lifestyle amenities, including the Glendale Galleria, Caruso's Americana at Brand, and Burbank Media Center. Physically, the Property stands out with large average unit sizes of approximately 1,051 square feet—well above competing assets—combined with over $1 million in recent capital improvements. These attributes position the asset well for a targeted interior and amenity upgrade program aimed at capturing premium rents relative to the existing competitive set.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

77

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Legacy at Westglen Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1984

PARKING SPACES

148

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,399 SF

ZONING

R4

APN/PARCEL ID

5623-008-029,5623-008-030

ASK ABOUT THIS PROPERTY

Gabe MunsonNewmarkMore Info
206-604-9750

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Gabe MunsonNewmarkMore Info
206-604-9750

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