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Thompson Apartments 1165 Thompson Ave 18 Unit Apartment Building $8,280,000 ($460,000/Unit) 4.30% Cap Rate Glendale, CA 91201
EXECUTIVE SUMMARY
1165 Thompson Ave in Glendale presents an excellent opportunity to acquire a well-located multi-family investment property in one of the most desirable rental markets in Los Angeles County. This apartment building offers a strong foundation with stable occupancy and significant value-add potential through renovations and modernization. Ideally situated near major employment hubs, retail centers, dining, and freeway access, the property benefits from consistent rental demand and low vacancy risk. With the ability to increase rents through interior upgrades, this asset is perfect for investors seeking long-term cash flow and appreciation in a prime Glendale location.
PROPERTY FACTS
| Price | $8,280,000 | Apartment Style | Low-Rise |
| Price Per Unit | $460,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 4.30% | Building Size | 21,145 SF |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Zoning | GLR4 - High-density Multi-family Housing | ||
| Price | $8,280,000 |
| Price Per Unit | $460,000 |
| Sale Type | Investment |
| Cap Rate | 4.30% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 21,145 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | GLR4 - High-density Multi-family Housing |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Heating
- Kitchen
- Stainless Steel Appliances
- Range
- Handrails
SITE AMENITIES
- Courtyard
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 14 | - | - |
| 3+2 | 2 | - | - |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 5621-041-029 | Improvements Assessment | $5,354,490 |
| Land Assessment | $3,569,659 | Total Assessment | $8,924,149 |
PROPERTY TAXES
Parcel Number
5621-041-029
Land Assessment
$3,569,659
Improvements Assessment
$5,354,490
Total Assessment
$8,924,149
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Thompson Apartments | 1165 Thompson Ave
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