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1137 & 1141 Irving Ave 2 Multifamily Properties Offered at $4,500,000 in Glendale, CA
Investment Highlights
- 10 Units | Two Adjacent 5-Unit Buildings
- Spacious 2BR Townhome-Style Floor Plans
- Below-Market Rents — $2,468 Avg to $2,750 Pro
- 100% Occupied —Stable In-Place Income
- Built 1964 · 10,896 SF Across Two Parcels
- Grandview, Glendale — Near I-5, SR-134 & Burbank
Executive Summary
Built in 1964 and totaling 10,896 square feet across two parcels, the buildings share a common driveway with tuck-under parking and feature spacious, townhome-style floor plans — predominantly two-bedroom, with two three-bedrooms. The property is 100% occupied, producing $24,680 in monthly income and stable day-one cash flow, with coin laundry at both buildings as a secondary income stream. The two-parcel configuration and existing site layout also present potential ADU opportunities under California's multifamily ADU statutes, subject to buyer verification with the City of Glendale. Grandview sits in northwest Glendale bordering Burbank, minutes from Downtown Glendale and the Americana at Brand, the Media District's Disney and Warner Bros. campuses, and I-5 and SR-134 access
Property Facts
| Price | $4,500,000 | Number of Properties | 2 |
| Price / SF | $285.82 / SF | Individually For Sale | 0 |
| Cap Rate | 4.33% | Total Building Size | 15,744 SF |
| Sale Type | Investment | Total Land Area | 0.31 AC |
| Status | Active |
| Price | $4,500,000 |
| Price / SF | $285.82 / SF |
| Cap Rate | 4.33% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 15,744 SF |
| Total Land Area | 0.31 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1141 Irving Ave, Glendale, CA 91201 | Multifamily | 8,322 SF | 1964 | - |
| 1137 Irving Ave, Glendale, CA 91201 | Multifamily | 7,422 SF | 1964 | - |
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