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547 South St 5 Unit Apartment Building $2,650,000 ($530,000/Unit) 4.73% Cap Rate Glendale, CA 91202
Investment Highlights
- Pride-of-ownership 5-unit asset in prime Glendale 91202 neighborhood.
- Strong in-place income with rental upside; current NOI $125,449 and 4.73% cap rate.
- Walking distance to Kenneth Village, Brand Park, and local amenities.
- Rare owner-user opportunity with large front 2+2 residence and four rear 2+1 units.
- All units are spacious two-bedroom layouts, averaging 968 SF per unit.
- Limited multifamily supply in Glendale supports long-term demand and value.
Executive Summary
David Harrington
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
| Price | $2,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $530,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.73% | Building Size | 4,839 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Zoning | R 1650 - Medium High Density Residential | ||
| Price | $2,650,000 |
| Price Per Unit | $530,000 |
| Sale Type | Investment |
| Cap Rate | 4.73% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,839 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2022 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | R 1650 - Medium High Density Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 900 |
| 2+2 | 1 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5634-026-026 | Improvements Assessment | $194,152 |
| Land Assessment | $79,152 | Total Assessment | $273,304 |
Property Taxes
Parcel Number
5634-026-026
Land Assessment
$79,152
Improvements Assessment
$194,152
Total Assessment
$273,304
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547 South St
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