1316 Barrington Way - Apartments FOR SALE


Glendale, CA 91206- Citrus Grove
$1,650,000 USD
310-739-3148
1316 Barrington Way, Glendale, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/19
null | 4.48% Cap Rate

1316 Barrington Way
Glendale, CA 91206
Citrus Grove


HIGHLIGHTS

  • Two Units Delivered Vacant at Close -- Immediate Income Upside
  • First Sale in 36 Years -- Long-Held Family Ownership with Below Market Rents
  • Desirable Unit Mix: 3 (1 Bedroom + 1 Bathroom) & 2 (2 Bedroom + 1 Bathroom)
  • 8 Parking Spaces (4 Tandem Carports) -- Rare for the Submarket
  • Well-Maintained 1959 Building with On-Site Laundry Income | Potential ADU Opportunity (Buyer to Verify)
  • Quiet Cul-de-Sac - Approx. 1.5 miles to The Americana at Brand & The Glendale Galleria | Convenient Access to the 134 and 2 Freeways

OVERVIEW

Vartanian CRE is pleased to present 1316 Barrington Way, a five-unit multifamily investment opportunity located in the desirable 91206 submarket of Glendale. Built in 1959, the property consists of three one-bedroom/one-bathroom units and two two bedroom/ one-bathroom units situated on a 4,664-square-foot lot, with approximately 3,740 square feet of building area. The property offers investors an attractive opportunity to acquire a well-located apartment asset with immediate value-add potential. Two of the five units are currently vacant, providing new ownership with the flexibility to renovate, reposition, and lease the units at current market rents. The vacancies also create the opportunity for an owner-user or investor seeking to implement improvements without disrupting the entire tenant base. Residents benefit from a strong parking ratio, with eight total parking spaces arranged within four tandem carport parking areas. The property also features on-site laundry facilities and is separately metered for gas and electricity. The combination of one- and two-bedroom floor plans allows the property to appeal to a broad range of renters seeking housing within Glendale. An additional component of the investment opportunity is the potential to explore the development of an accessory dwelling unit within the existing front carport area. Subject to applicable zoning requirements and City of Glendale approvals, this area may provide future ownership with the ability to increase the property's rentable square footage and create an additional income-producing unit (Buyer to Verify). Positioned within the established 91206 neighborhood of Glendale, 1316 Barrington Way offers convenient access to a wide range of shopping, dining, employment, and entertainment destinations. The property is located near Downtown Glendale, The Americana at Brand, Glendale Galleria, and several of the city's primary commercial corridors, while also benefiting from convenient access to major freeways and surrounding employment centers. With two vacant units, ample on-site parking, potential ADU upside, and a desirable Glendale location, 1316 Barrington Way presents investors with a compelling opportunity to acquire a multifamily asset with both immediate and long term value creation potential.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$441 USD /SF

# OF UNITS

5

PRICE/UNIT

$330,000

CAP RATE

4.48%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charming 5 Units in Glendale | 2 Units Vacant

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,665 SF

ZONING

-

APN/PARCEL ID

5645-027-010

ASK ABOUT THIS PROPERTY

Derrick VartanianLyon Stahl Investment Real Estate, Inc.More Info
310-739-3148

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Derrick VartanianLyon Stahl Investment Real Estate, Inc.More Info
310-739-3148

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