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433 N Louise St 16 Unit Apartment Building $6,100,000 ($381,250/Unit) 4.33% Cap Rate Glendale, CA 91206
Investment Highlights
- Excellent location in Downtown Glendale just east of Brand Blvd.
- Most units upgraded with luxury vinyl plank flooring and granite/quartz countertops
- Great unit mix of 12 2 bedrooms and 4 1 bedrooms
- All units feature central HVAC, 14 have fireplaces
Executive Summary
Please contact Jennifer Schultz Bertolet at (818) 383-8820 for more information. Do not disturb tenants or enter the property.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $381,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 4.33% | Building Size | 17,432 SF |
| Gross Rent Multiplier | 14 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 1.55/1,000 SF |
| Zoning | R4, Glendale | ||
| Price | $6,100,000 |
| Price Per Unit | $381,250 |
| Sale Type | Investment |
| Cap Rate | 4.33% |
| Gross Rent Multiplier | 14 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 17,432 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1985 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | R4, Glendale |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Tub/Shower
- Window Coverings
- Quartz Countertops
Site Amenities
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,903 | 650 |
| 2+2 | 12 | $2,525 | 750 - 1,100 |
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Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5643-005-159 | Total Assessment | $4,662,633 |
| Land Assessment | $1,875,876 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,786,757 | Tax Year | 2026 |
Property Taxes
Parcel Number
5643-005-159
Land Assessment
$1,875,876
Improvements Assessment
$2,786,757
Total Assessment
$4,662,633
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Contact the Sale Advisor
433 N Louise St