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1459 Stanley Ave 4 Unit Apartment Building $1,395,000 ($348,750/Unit) 5.94% Cap Rate Glendale, CA 91206
Executive Summary
Located in the desirable Mid-Glendale neighborhood, this well-maintained fourplex presents an outstanding investment or owner-user opportunity. The property features an attractive unit mix of two spacious 2-bedroom, 2-bath units and two generously sized 1-bedroom, 1-bath units, each offering comfortable floor plans with dedicated dining areas.
Pride of ownership is evident throughout, with recent exterior paint, an easy-care yard, and a community BBQ area that enhances outdoor enjoyment. Residents also benefit from an on-site shared laundry facility, three private garage spaces, and additional driveway parking, providing convenience for both tenants and owners.
Ideally situated just minutes from downtown Glendale, shopping, dining, public transportation, and major commuter routes, this income-producing property offers an excellent combination of location, functionality, and long-term investment potential. Whether you're looking to expand your portfolio or occupy one unit while generating rental income from the others, this turnkey fourplex is a rare opportunity in one of Glendale's most sought-after neighborhoods. Please click on 360 buttons for virtual tour. Also floor plans for the 2 bdrm and 1 bdrm unit. Rents are low. Seller to help with relocation at right price. NOI and Cap rate is a projection.
Pride of ownership is evident throughout, with recent exterior paint, an easy-care yard, and a community BBQ area that enhances outdoor enjoyment. Residents also benefit from an on-site shared laundry facility, three private garage spaces, and additional driveway parking, providing convenience for both tenants and owners.
Ideally situated just minutes from downtown Glendale, shopping, dining, public transportation, and major commuter routes, this income-producing property offers an excellent combination of location, functionality, and long-term investment potential. Whether you're looking to expand your portfolio or occupy one unit while generating rental income from the others, this turnkey fourplex is a rare opportunity in one of Glendale's most sought-after neighborhoods. Please click on 360 buttons for virtual tour. Also floor plans for the 2 bdrm and 1 bdrm unit. Rents are low. Seller to help with relocation at right price. NOI and Cap rate is a projection.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$74,000
|
$22.10
|
| Other Income |
$1,200
|
$0.36
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$75,200
|
$22.45
|
| Taxes |
-
|
-
|
| Operating Expenses |
$37,155
|
$11.09
|
| Total Expenses |
$37,155
|
$11.09
|
| Net Operating Income |
$38,045
|
$11.36
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $74,000 |
| Annual Per SF | $22.10 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.36 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $75,200 |
| Annual Per SF | $22.45 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $37,155 |
| Annual Per SF | $11.09 |
| Total Expenses | |
|---|---|
| Annual | $37,155 |
| Annual Per SF | $11.09 |
| Net Operating Income | |
|---|---|
| Annual | $38,045 |
| Annual Per SF | $11.36 |
Property Facts
| Price | $1,395,000 | Apartment Style | Garden |
| Price Per Unit | $348,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.94% | Building Size | 3,349 SF |
| Gross Rent Multiplier | 11.6 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | GLR4 - Medium Density Residential | ||
| Price | $1,395,000 |
| Price Per Unit | $348,750 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| Gross Rent Multiplier | 11.6 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,349 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1/1,000 SF |
| Zoning | GLR4 - Medium Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Eat-in Kitchen
- Kitchen
- Dining Room
- Smoke Free
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Fenced Lot
- Trash Pickup - Curbside
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 2 | $1,400 | 1,000 - 1,100 |
| 1+1 | 2 | $1,650 | 600 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5645-002-083 | Total Assessment | $950,035 |
| Land Assessment | $612,928 | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $337,107 | Tax Year | 2025 |
Property Taxes
Parcel Number
5645-002-083
Land Assessment
$612,928
Improvements Assessment
$337,107
Total Assessment
$950,035
Annual Taxes
$0 ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
1459 Stanley Ave