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630 Naranja Dr 4 Unit Apartment Building $1,995,000 ($498,750/Unit) 4.74% Cap Rate Glendale, CA 91206
INVESTMENT HIGHLIGHTS
- Prime Location: The property is strategically located in Glendale, one of the most desirable cities in the Los Angeles metropolitan area
- Transportation Access: The property offers excellent access to major highways, public transportation, and is within a short drive of DTLA
- Detached 4 car garage could make for a great ADU play, buyer to verify
- Strong Rental Demand: Glendale's housing market has shown consistent growth with high demand for rental units
- Property sits on a corner lot and right across the street from Woodrow Wilson Middle school. (Great Exposure)
EXECUTIVE SUMMARY
The 630 Naranja Dr Apartment Building is an excellent investment option in the thriving Glendale, CA real estate market. Its prime location, strong rental demand, and potential for value appreciation make it an attractive prospect for investors and owner-users alike seeking stable income and long-term growth. This 4 unit Spanish style building consists of four large 2+1 units with spacious bedrooms, very large living rooms and dining areas. All are currently occupied with very nice and on-time paying tenants. Improvements include updated electrical meters, copper plumbing, recent exterior paint and newly resurfaced back yard common area.
PROPERTY FACTS
| Price | $1,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $498,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.74% | Building Size | 4,838 SF |
| Gross Rent Multiplier | 15.16 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Zoning | GLR4YY | ||
| Price | $1,995,000 |
| Price Per Unit | $498,750 |
| Sale Type | Investment |
| Cap Rate | 4.74% |
| Gross Rent Multiplier | 15.16 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,838 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | GLR4YY |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Tile Floors
- Kitchen
- Hardwood Floors
- Oven
- Tub/Shower
- Family Room
- Handrails
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 1,200 |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 5646-016-006 | Improvements Assessment | $804,979 |
| Land Assessment | $651,086 | Total Assessment | $1,456,065 |
PROPERTY TAXES
Parcel Number
5646-016-006
Land Assessment
$651,086
Improvements Assessment
$804,979
Total Assessment
$1,456,065
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630 Naranja Dr
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