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125 W Chestnut St
Glendale, CA 91204
Multifamily Property For Sale
·
16 Units
Investment Highlights
- 15-Unit Apartment Building + 10 Storage Units
- Asking Price Below Recent Appraised Value
- Prime Glendale Location Near The Americana at Brand & Glendale Galleria
- Fully Renovated – Major Remodel Completed
- Projected 6%+ CAP Rate (Pro Forma)
- Close to Major Freeways (134, 5, 2)
Executive Summary
City Center Realty Group Presents a compelling opportunity to acquire a fully renovated 15-unit apartment building with 10 storage units, offering an additional income stream and enhanced cash flow potential.
The property has recently undergone a major renovation, including upgraded interiors, modern finishes, and improvements to key systems, positioning the asset for strong leasing performance and long-term stability.
Offered at an asking price below appraised value, with a projected 6%+ CAP rate (pro forma), this investment provides immediate upside through lease-up and rental optimization.
Strategically located near The Americana at Brand and Glendale Galleria, the property benefits from excellent walkability and proximity to major employment centers.
The property has recently undergone a major renovation, including upgraded interiors, modern finishes, and improvements to key systems, positioning the asset for strong leasing performance and long-term stability.
Offered at an asking price below appraised value, with a projected 6%+ CAP rate (pro forma), this investment provides immediate upside through lease-up and rental optimization.
Strategically located near The Americana at Brand and Glendale Galleria, the property benefits from excellent walkability and proximity to major employment centers.
Property Facts
| Price Per Unit | $453,150 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.29% | Lot Size | 0.20 AC |
| Gross Rent Multiplier | 11.83 | Building Size | 11,120 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1931/2026 |
| Zoning | R4, Glendale | ||
| Price Per Unit | $453,150 CAD |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| Gross Rent Multiplier | 11.83 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 11,120 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1931/2026 |
| Zoning | R4, Glendale |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Storage Space
- Washer/Dryer
- Hardwood Floors
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 8 | - | - |
Property Taxes
| Parcel Number | 5641-007-017 | Improvements Assessment | $2,352,960 CAD |
| Land Assessment | $1,569,096 CAD | Total Assessment | $3,922,056 CAD |
Property Taxes
Parcel Number
5641-007-017
Land Assessment
$1,569,096 CAD
Improvements Assessment
$2,352,960 CAD
Total Assessment
$3,922,056 CAD
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