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Prime Glendale 8-Unit | First Time on Market! 650 W Wilson Ave 8 Unité Immeuble d’appartements 3 287 926 $ CAD (410 991 $ CAD/Unité) 5,62% Taux de capitalisation Glendale, CA 91203
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Faits saillants de l'investissement
- Generational asset, first time ever on the market located in the heart of Glendale.
- Both 1 bedroom units delivered vacant! Upside opportunity!
- One vacant unit, allowing for immediate upside and flexibility. Several units renovated with new countertops, cabinets, and flooring
- 5.62% current cap rate with a conservative 6.79% pro forma, strong in-place return with clear upside
- 8-unit mix: six 2-bedroom units and two 1-bedroom units, ideal for consistent tenant demand
- Located just 2 minutes (0.5 miles) from the Americana at Brand and Glendale Galleria. Minutes from Target, Whole Foods Market, Trader Joe's, & Costco
Résumé de l'annonce
The 5+ Unit Specialists are pleased to present 650 W Wilson, an extremely rare 8-unit generational asset, first time on the market, ideally located in the heart of Glendale just steps from The Americana at Brand, offered at $2,399,000. With one vacancy and the possibility of an ADU(s), this is one of the best positioned assets in the entire submarket, delivering a stronger GRM and higher cap rate than nearly every competing Glendale listing.
Located on a quiet, tree-lined street just 2 minutes (0.5 miles) from The Americana at Brand, opportunities this close to Glendale’s premier retail and lifestyle hub almost never trade. The property consists of six 2-bedroom units and two 1-bedroom units, with both units currently vacant allowing for immediate upside. The asset is already performing at a 5.62% cap rate with a conservative 6.79% pro forma, both calculated using real operating expenses and including a 4% management fee, giving investors a clear and realistic path to increased returns without relying on aggressive assumptions.
The majority of units have already been upgraded with new or refinished countertops, cabinetry, and flooring, meaning a significant portion of the renovation work is complete, while two remaining units still offer additional upside through light improvements. Electrical panel breakers have also been replaced in all units, helping minimize future capital expenditures.
Tenants benefit from a highly walkable location with direct access to top-tier retail including The Americana, Glendale Galleria, Whole Foods, Trader Joe’s, and Target, which continues to drive strong and consistent rental demand. The property includes six on-site parking spaces, four of which are covered, and maintains its classic 1950s character that continues to resonate with today’s renters.
This is a true legacy Glendale asset combining irreplaceable location, in-place income, and real remaining upside at a basis that is becoming increasingly difficult to find in this prime of a location.
Located on a quiet, tree-lined street just 2 minutes (0.5 miles) from The Americana at Brand, opportunities this close to Glendale’s premier retail and lifestyle hub almost never trade. The property consists of six 2-bedroom units and two 1-bedroom units, with both units currently vacant allowing for immediate upside. The asset is already performing at a 5.62% cap rate with a conservative 6.79% pro forma, both calculated using real operating expenses and including a 4% management fee, giving investors a clear and realistic path to increased returns without relying on aggressive assumptions.
The majority of units have already been upgraded with new or refinished countertops, cabinetry, and flooring, meaning a significant portion of the renovation work is complete, while two remaining units still offer additional upside through light improvements. Electrical panel breakers have also been replaced in all units, helping minimize future capital expenditures.
Tenants benefit from a highly walkable location with direct access to top-tier retail including The Americana, Glendale Galleria, Whole Foods, Trader Joe’s, and Target, which continues to drive strong and consistent rental demand. The property includes six on-site parking spaces, four of which are covered, and maintains its classic 1950s character that continues to resonate with today’s renters.
This is a true legacy Glendale asset combining irreplaceable location, in-place income, and real remaining upside at a basis that is becoming increasingly difficult to find in this prime of a location.
Bilan financier (Réel - 2025) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
300 971 $
|
41,84 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
10 365 $
|
1,44 $
|
| Revenu brut effectif |
290 605 $
|
40,40 $
|
| Taxes |
35 674 $
|
4,96 $
|
| Dépenses d’exploitation |
48 464 $
|
6,74 $
|
| Total des dépenses |
84 137 $
|
11,70 $
|
| Revenu net d’exploitation |
206 468 $
|
28,70 $
|
Bilan financier (Réel - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 300 971 $ |
| Annuel par pi² | 41,84 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | 10 365 $ |
| Annuel par pi² | 1,44 $ |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 290 605 $ |
| Annuel par pi² | 40,40 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 35 674 $ |
| Annuel par pi² | 4,96 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 48 464 $ |
| Annuel par pi² | 6,74 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 84 137 $ |
| Annuel par pi² | 11,70 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 206 468 $ |
| Annuel par pi² | 28,70 $ |
Faits sur la propriété
| Prix | 3 287 926 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 410 991 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,20 AC |
| Taux de capitalisation | 5,62% | Taille du bâtiment | 7 194 pi² |
| Multiplicateur du loyer brut | 12.69 | Occupation moyenne | 87% |
| Nombre d’unités | 8 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1956 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 0,83/1 000 pi² |
| Zonage | GLR4* | ||
| Prix | 3 287 926 $ CAD |
| Prix par unité | 410 991 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,62% |
| Multiplicateur du loyer brut | 12.69 |
| Nombre d’unités | 8 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,20 AC |
| Taille du bâtiment | 7 194 pi² |
| Occupation moyenne | 87% |
| Nombre d’étages | 2 |
| Année de construction | 1956 |
| Ratio de stationnement | 0,83/1 000 pi² |
| Zonage | GLR4* |
Commodités
Commodités des unités
- Cuisine
- Réfrigérateur
- Fourchette
- Bain/Douche
- Congélateur
Commodités du site
- Accès 24 heures
- Accès contrôlé
- CVCA contrôlé par le locataire
- Sans ascenseur
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1 | 6 | 2 788 $ CAD | 774 - 849 |
| 1+1 | 2 | 2 546 $ CAD | 480 |
1 1
Moyennement praticable à pied
70/100
Très facile d’accès en voiture
80/100
Transports en commun relativement accessibles
50/100
Moyennement praticable en vélo
60/100
Impôts fonciers
| Numéro de lot | 5638-003-053 | Évaluation totale | 559 785 $ CAD |
| Évaluation du terrain | 251 330 $ CAD | Impôts annuels | 35 674 $ CAD (4,96 $ CAD/pi²) |
| Évaluation des bâtiments | 308 454 $ CAD | Année d’imposition | 2025 |
Impôts fonciers
Numéro de lot
5638-003-053
Évaluation du terrain
251 330 $ CAD
Évaluation des bâtiments
308 454 $ CAD
Évaluation totale
559 785 $ CAD
Impôts annuels
35 674 $ CAD (4,96 $ CAD/pi²)
Année d’imposition
2025
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Prime Glendale 8-Unit | First Time on Market! | 650 W Wilson Ave
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