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729 Raleigh St
Glendale, CA 91205
Multifamily Property For Sale
·
13 Units


Investment Highlights
- Great Glendale Location
- Nearby Shopping/Transit
- Individually Metered For Gas & Electric
- On-Site Laundry & Parking With Storage
- High Demand Rental Location
Executive Summary
Located in the highly desirable city of Glendale, 729 Raleigh St presents an exceptional multifamily investment opportunity in one of Los Angeles County’s most stable and high-demand rental markets. This pride-of-ownership property has been well maintained and offers a strong in-place unit mix, making it an ideal asset for investors seeking both stability and long-term growth potential.
The property features a desirable unit mix of 12 units & One Non-Conforming Unit (13 Units Total), consisting of 2 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, and 10 two-bedroom/two-bath units. The large concentration of two-bedroom units is highly attractive to families, professionals, and roommates, contributing to strong occupancy and consistent rental demand. The building is individually metered for gas and electric, helping to reduce owner expenses and improve overall operating efficiency.
Tenants benefit from on-site parking with storage and on-site laundry facilities, amenities that significantly enhance rental appeal and tenant retention. The property’s pride-of-ownership condition and functional layout make it a desirable place to live, contributing to long-term tenancy and stable income.
The location offers excellent access to nearby retail, dining, and entertainment, including the Glendale Galleria and The Americana at Brand, both just minutes away. Residents also enjoy convenient access to public transportation, including the nearby Glendale Transportation Center, providing regional connectivity throughout Los Angeles County.
Additionally, the property is centrally located with short distance access to the State Route 134, State Route 2, and Interstate 5, allowing convenient travel to surrounding employment centers including Burbank, Pasadena, Downtown Los Angeles, and the greater San Fernando Valley.
With its prime Glendale location, strong unit mix, pride-of-ownership condition, and proximity to major retail, transit, and freeway access, 729 Raleigh St represents a compelling investment opportunity in a supply-constrained rental market with long-term appreciation potential.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies
The property features a desirable unit mix of 12 units & One Non-Conforming Unit (13 Units Total), consisting of 2 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, and 10 two-bedroom/two-bath units. The large concentration of two-bedroom units is highly attractive to families, professionals, and roommates, contributing to strong occupancy and consistent rental demand. The building is individually metered for gas and electric, helping to reduce owner expenses and improve overall operating efficiency.
Tenants benefit from on-site parking with storage and on-site laundry facilities, amenities that significantly enhance rental appeal and tenant retention. The property’s pride-of-ownership condition and functional layout make it a desirable place to live, contributing to long-term tenancy and stable income.
The location offers excellent access to nearby retail, dining, and entertainment, including the Glendale Galleria and The Americana at Brand, both just minutes away. Residents also enjoy convenient access to public transportation, including the nearby Glendale Transportation Center, providing regional connectivity throughout Los Angeles County.
Additionally, the property is centrally located with short distance access to the State Route 134, State Route 2, and Interstate 5, allowing convenient travel to surrounding employment centers including Burbank, Pasadena, Downtown Los Angeles, and the greater San Fernando Valley.
With its prime Glendale location, strong unit mix, pride-of-ownership condition, and proximity to major retail, transit, and freeway access, 729 Raleigh St represents a compelling investment opportunity in a supply-constrained rental market with long-term appreciation potential.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies
Property Facts
| Price Per Unit | $472,203 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.44% | Lot Size | 0.25 AC |
| Gross Rent Multiplier | 12.1 | Building Size | 11,424 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Zoning | GLR4YY | ||
| Price Per Unit | $472,203 CAD |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| Gross Rent Multiplier | 12.1 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 11,424 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | GLR4YY |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 600 - 700 |
| 2+1 | 1 | - | 750 - 950 |
| 2+2 | 10 | - | 800 - 1,000 |
Property Taxes
| Parcel Number | 5675-013-018 | Improvements Assessment | $1,067,916 CAD |
| Land Assessment | $1,747,509 CAD | Total Assessment | $2,815,425 CAD |
Property Taxes
Parcel Number
5675-013-018
Land Assessment
$1,747,509 CAD
Improvements Assessment
$1,067,916 CAD
Total Assessment
$2,815,425 CAD
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