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Legacy at Westglen Apartments 1151 Sonora Ave 77 Unit Apartment Building $32,000,000 ($415,584/Unit) 5.30% Cap Rate Glendale, CA 91201
Investment Highlights
- Separate Parcel Sale Optionality: The Property consists of two separate parcels, providing the flexibility to purchase as a 62-unit and 15-unit
- Large Unit Sizes: The Property features an average unit size of approximately 1,051 SF
- Strategic Location Without LA Regulatory Burden Central access to employment centers in Los Angeles without the City of Los Angeles red tape
- Value-Add Upside with Attractive In-Place Financing: Value-add opportunity with the ability to assume in-place financing
- Strong Operational Performance T6 occupancy of 95%+, with T60 lease trade-outs of 2.5% and 6% on T30 renewals.
- Highly Desirable Location Proximity to over 1.9M of Class A retail, including the Glendale Galleria, Americana at Brand, and Burbank Media District.
Executive Summary
OFFERS DUE 05/28!
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.
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.
Property Facts
| Price | $32,000,000 | Building Class | B |
| Price Per Unit | $415,584 | Lot Size | 1.32 AC |
| Sale Type | Investment | Building Size | 86,950 SF |
| Cap Rate | 5.30% | Average Occupancy | 96% |
| No. Units | 77 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1984/2007 |
| Property Subtype | Apartment | Parking Ratio | 1.7/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | R4 | ||
| Price | $32,000,000 |
| Price Per Unit | $415,584 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| No. Units | 77 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.32 AC |
| Building Size | 86,950 SF |
| Average Occupancy | 96% |
| No. Stories | 4 |
| Year Built/Renovated | 1984/2007 |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Views
- Walk-In Closets
- Carpet
- Wi-Fi
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Security System
- Spa
- Tennis Court
- Gated
- Basketball Court
- Grill
- Laundry Service
- Planned Social Activities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 68 | - | 974 - 1,100 |
| 3+2 | 7 | - | 1,204 - 1,326 |
| 3+3 | 2 | - | 2,000 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $9,546,023 | |
| Land Assessment | $14,319,045 | Total Assessment | $23,865,068 |
Property Taxes
Parcel Numbers
Land Assessment
$14,319,045
Improvements Assessment
$9,546,023
Total Assessment
$23,865,068
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Legacy at Westglen Apartments | 1151 Sonora Ave
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