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18 Unit Apartment Building 657 Milford St 18 Unit Apartment Building $6,922,500 CAD ($384,583 CAD/Unit) 5.40% Cap Rate Glendale, CA 91203
INVESTMENT HIGHLIGHTS
- Below Market Rents – Upside of 10-15%+ with Renovation
- PRICE REDUCTION: FROM $5,600,000 TO NEW PRICE $5,000,000
- 100% Occupancy – Stable Cash Flow
EXECUTIVE SUMMARY
PRICE REDUCTION: FROM $5,600,000 TO NEW PRICE $5,000,000
18 Unit Apartment Building
An exceptional investment opportunity awaits at 657 Milford Street, an 18-unit apartment complex with rental upside in a prime Glendale location. This bright, airy, and modern property features six spacious 2-bed/1-bath units, two charming studios, and ten well-appointed 1-bed/1-bath units, appealing to a wide range of tenants. Residents will enjoy lush greenery in the beautifully landscaped front yard, a refreshing pool, onsite laundry facilities, and the convenience of dedicated parking. Just minutes from The Americana at Brand, the property offers easy access to world-class shopping, dining, and entertainment. With strong income potential, sought-after amenities, and an unbeatable location, 657 Milford Street is a rare investment opportunity not to be missed!
- Below Market Rents – Upside of 10-15%+ with Renovation
- 100% Occupancy – Stable Cash Flow
Contact Robert Ip for full due diligence package.
18 Unit Apartment Building
An exceptional investment opportunity awaits at 657 Milford Street, an 18-unit apartment complex with rental upside in a prime Glendale location. This bright, airy, and modern property features six spacious 2-bed/1-bath units, two charming studios, and ten well-appointed 1-bed/1-bath units, appealing to a wide range of tenants. Residents will enjoy lush greenery in the beautifully landscaped front yard, a refreshing pool, onsite laundry facilities, and the convenience of dedicated parking. Just minutes from The Americana at Brand, the property offers easy access to world-class shopping, dining, and entertainment. With strong income potential, sought-after amenities, and an unbeatable location, 657 Milford Street is a rare investment opportunity not to be missed!
- Below Market Rents – Upside of 10-15%+ with Renovation
- 100% Occupancy – Stable Cash Flow
Contact Robert Ip for full due diligence package.
PROPERTY FACTS
| Price | $6,922,500 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $384,583 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 5.40% | Building Size | 12,030 SF |
| Gross Rent Multiplier | 12.19 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | GLR4YY | ||
| Price | $6,922,500 CAD |
| Price Per Unit | $384,583 CAD |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Gross Rent Multiplier | 12.19 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 12,030 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1/1,000 SF |
| Zoning | GLR4YY |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Tenant Controlled HVAC
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 633 |
| 2+1 | 6 | - | 791 |
| Studios | 2 | - | 476 |
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Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 5638-012-038 | Improvements Assessment | $606,967 CAD |
| Land Assessment | $134,154 CAD | Total Assessment | $741,121 CAD |
PROPERTY TAXES
Parcel Number
5638-012-038
Land Assessment
$134,154 CAD
Improvements Assessment
$606,967 CAD
Total Assessment
$741,121 CAD
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18 Unit Apartment Building | 657 Milford St
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