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625-629 W Glenoaks Blvd
Glendale, CA 91202
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Located within a high-demand transit-oriented district in Los Angeles.
- Walkable to nearby retail, dining, and essential urban amenities.
- Strategic positioning near Metro rail services enhances connectivity.
- Close proximity to major freeways for easy access across the region.
- Strong residential density lends high demand for future development.
- Attractive location for multifamily or mixed-use investment opportunities.
Executive Summary
Positioned in one of Los Angeles’ most dynamic corridors, these parcels present an exceptional opportunity for ground-up development in a thriving urban environment. Both lots offer clear, largely usable land suitable for multifamily or mixed-use projects, benefitting from local zoning that supports density and residential growth. Surrounding neighborhoods feature robust connectivity to major commuter routes, including Hollywood Freeway and State Route 2, with easy links to Metro rail services and the broader Los Angeles transit system. The parcels are located near established residential blocks and walkable access to retail services, dining, and employment centers, ensuring high appeal to future tenants or investors targeting rental-driven markets. Given Los Angeles’ consistently strong demand for housing within transit-oriented zones, these sites offer an ideal foundation for scalable development, unlocking long-term potential in a highly sought-after locale.
Property Facts
| Price Per Unit | $486,594 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 4.31% | Building Size | 8,227 SF |
| Gross Rent Multiplier | 14.41 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 0.97/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | GLR4YY - Multiple Dwellings | ||
| Price Per Unit | $486,594 CAD |
| Sale Type | Investment |
| Cap Rate | 4.31% |
| Gross Rent Multiplier | 14.41 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 8,227 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | GLR4YY - Multiple Dwellings |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 540 |
| 2+1 | 9 | - | 800 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,287,238 CAD | |
| Land Assessment | $2,282,662 CAD | Total Assessment | $3,569,901 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,282,662 CAD
Improvements Assessment
$1,287,238 CAD
Total Assessment
$3,569,901 CAD
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