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Claremont Apartments 5820 W Claremont St 36 Unit Apartment Building $8,205,179 CAD ($227,922 CAD/Unit) 6.46% Cap Rate Glendale, AZ 85301
Investment Highlights
- Large One and Two Bedroom Layouts, 75% of Units Have Private Yards
- On-Site Laundry Room and Leasing Office
- 100% of Units Renovated in Past 24 Months
- Individually Metered Electricity
- Operational Value-Add Opportunity
Executive Summary
The Claremont Apartments are a well-located 36-unit asset at 5820 W Claremont Street, in close proximity to historic Downtown Glendale. The property consists of 6 total buildings constructed in 1975 with a unit mix of (24) large 1bed-1bath units, (12) 2bed-2bath units and an average size of 780 SF. Over 75% of the units have private yards attached and the property has a leasing office and community laundry facility on-site as well.
With 100% of units having been renovated in the past 24 months, the asset now features a unique operational value-add through strategic rent increases to market levels, implementation of RUBS, reduction of controllable operating expenses and improving management efficiencies to drive increased occupancy and income.
With 100% of units having been renovated in the past 24 months, the asset now features a unique operational value-add through strategic rent increases to market levels, implementation of RUBS, reduction of controllable operating expenses and improving management efficiencies to drive increased occupancy and income.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $8,205,179 CAD | Building Class | C |
| Price Per Unit | $227,922 CAD | Lot Size | 1.75 AC |
| Sale Type | Investment | Building Size | 28,092 SF |
| Cap Rate | 6.46% | Average Occupancy | 89% |
| No. Units | 36 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 1.85/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R-4, Glendale - R-4, Glendale | ||
| Price | $8,205,179 CAD |
| Price Per Unit | $227,922 CAD |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.75 AC |
| Building Size | 28,092 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.85/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-4, Glendale - R-4, Glendale |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Walk-In Closets
- Carpet
- Family Room
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $1,744 CAD | 720 |
| 2+2 | 12 | $1,949 CAD | 901 |
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Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 146-09-028B | Total Assessment | $143,774 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
146-09-028B
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$143,774 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Photos
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Street
Map
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Claremont Apartments | 5820 W Claremont St
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