729 Raleigh St - Apartments FOR SALE


Glendale, CA 91205- Mariposa
$3,999,000 USD
818-381-6601
729 Raleigh St, Glendale, CA for Sale
$3,999,000 USD
Apartments - FOR SALE
1/15
null | 6.27% Cap Rate

729 Raleigh St
Glendale, CA 91205
Mariposa


HIGHLIGHTS

  • Great Glendale Location
  • On-Site Laundry & Parking With Storage
  • Nearby Shopping/Transit
  • High Demand Rental Location
  • Individually Metered For Gas & Electric

OVERVIEW

Located in the highly desirable city of Glendale, 729 Raleigh St presents an exceptional multifamily investment opportunity in one of Los Angeles County’s most stable and high-demand rental markets. This pride-of-ownership property has been well maintained and offers a strong in-place unit mix, making it an ideal asset for investors seeking both stability and long-term growth potential. The property features a desirable unit mix of 12 units & One Non-Conforming Unit (13 Units Total), consisting of 2 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, and 10 two-bedroom/two-bath units. The large concentration of two-bedroom units is highly attractive to families, professionals, and roommates, contributing to strong occupancy and consistent rental demand. The building is individually metered for gas and electric, helping to reduce owner expenses and improve overall operating efficiency. Tenants benefit from on-site parking with storage and on-site laundry facilities, amenities that significantly enhance rental appeal and tenant retention. The property’s pride-of-ownership condition and functional layout make it a desirable place to live, contributing to long-term tenancy and stable income. The location offers excellent access to nearby retail, dining, and entertainment, including the Glendale Galleria and The Americana at Brand, both just minutes away. Residents also enjoy convenient access to public transportation, including the nearby Glendale Transportation Center, providing regional connectivity throughout Los Angeles County. Additionally, the property is centrally located with short distance access to the State Route 134, State Route 2, and Interstate 5, allowing convenient travel to surrounding employment centers including Burbank, Pasadena, Downtown Los Angeles, and the greater San Fernando Valley. With its prime Glendale location, strong unit mix, pride-of-ownership condition, and proximity to major retail, transit, and freeway access, 729 Raleigh St represents a compelling investment opportunity in a supply-constrained rental market with long-term appreciation potential. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies

FOR SALE DETAILS

PRICE

$3,999,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

13

PRICE/UNIT

$307,615

CAP RATE

6.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,977 SF

ZONING

GLR4YY

APN/PARCEL ID

5675-013-018

ASK ABOUT THIS PROPERTY

James AntonucciAPLA GROUPMore Info
818-381-6601

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James AntonucciAPLA GROUPMore Info
818-381-6601

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