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Prime Glendale 8-Unit | ADU BID IN HAND! 650 W Wilson Ave 8 Unité Immeuble d’appartements 3 262 580 $ CAD (407 822 $ CAD/Unité) 5,80% 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.
- Massive value-add opportunity! Both 1Bed/1Bath units in the rear building will be delivered vacant.
- One vacant unit, allowing for immediate upside and flexibility. Several units renovated with new countertops, cabinets, and flooring
- 5.80% current cap rate with a conservative 6.92% pro forma, offering strong in place returns with clear upside!
- ADU bid already in hand to convert both vacant units and add an additional unit!
- 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 $2,299,000. Featuring two units delivered vacant in a separate rear structure and an ADU bid already in hand, this is one of the best positioned value-add opportunities 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 0.5 miles from The Americana at Brand, the property consists of six 2-bedroom units and two 1-bedroom units, both of which will be delivered vacant at closing, allowing a new owner to immediately capture rental upside. The asset is already performing at a 5.80% cap rate with a conservative 6.92% pro forma, both calculated using real operating expenses and including a 5% management fee.
Adding to the opportunity, a contractor bid is already in hand to convert the two vacant rear units into a large 3 bed unit and construct an additional 3 bed unit ADU
in the existing parking area, creating the potential for a 9th unit and additional rental income. With both rear units delivered vacant, a buyer can begin the conversion immediately after closing without the delays and costs associated with tenant relocation.
The majority of units have already been upgraded with new or refinished countertops, cabinetry, and flooring, and electrical panel breakers have been replaced throughout, helping minimize future capital expenditures. Tenants enjoy a highly walkable location near The Americana, Glendale Galleria, Whole Foods, Trader Joe's, and Target, supporting strong and consistent rental demand.
This is a true legacy Glendale asset combining irreplaceable location, in-place income, and immediate value-add potential at a basis that is becoming increasingly difficult to find.
Located on a quiet, tree-lined street just 0.5 miles from The Americana at Brand, the property consists of six 2-bedroom units and two 1-bedroom units, both of which will be delivered vacant at closing, allowing a new owner to immediately capture rental upside. The asset is already performing at a 5.80% cap rate with a conservative 6.92% pro forma, both calculated using real operating expenses and including a 5% management fee.
Adding to the opportunity, a contractor bid is already in hand to convert the two vacant rear units into a large 3 bed unit and construct an additional 3 bed unit ADU
in the existing parking area, creating the potential for a 9th unit and additional rental income. With both rear units delivered vacant, a buyer can begin the conversion immediately after closing without the delays and costs associated with tenant relocation.
The majority of units have already been upgraded with new or refinished countertops, cabinetry, and flooring, and electrical panel breakers have been replaced throughout, helping minimize future capital expenditures. Tenants enjoy a highly walkable location near The Americana, Glendale Galleria, Whole Foods, Trader Joe's, and Target, supporting strong and consistent rental demand.
This is a true legacy Glendale asset combining irreplaceable location, in-place income, and immediate value-add potential at a basis that is becoming increasingly difficult to find.
Bilan financier (Réel - 2025) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
267 211 $
|
37,14 $
|
| Autres revenus |
20 726 $
|
2,88 $
|
| Perte due à l’inoccupation |
10 689 $
|
1,49 $
|
| Revenu brut effectif |
277 248 $
|
38,54 $
|
| Taxes |
35 399 $
|
4,92 $
|
| Dépenses d’exploitation |
52 704 $
|
7,33 $
|
| Total des dépenses |
88 102 $
|
12,25 $
|
| Revenu net d’exploitation |
189 146 $
|
26,29 $
|
Bilan financier (Réel - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 267 211 $ |
| Annuel par pi² | 37,14 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | 20 726 $ |
| Annuel par pi² | 2,88 $ |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | 10 689 $ |
| Annuel par pi² | 1,49 $ |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 277 248 $ |
| Annuel par pi² | 38,54 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 35 399 $ |
| Annuel par pi² | 4,92 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 52 704 $ |
| Annuel par pi² | 7,33 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 88 102 $ |
| Annuel par pi² | 12,25 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 189 146 $ |
| Annuel par pi² | 26,29 $ |
Faits sur la propriété
| Prix | 3 262 580 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 407 822 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,20 AC |
| Taux de capitalisation | 5,80% | Taille du bâtiment | 7 194 pi² |
| Multiplicateur du loyer brut | 12.21 | Occupation moyenne | 75% |
| 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 | 3 262 580 $ CAD |
| Prix par unité | 407 822 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,80% |
| Multiplicateur du loyer brut | 12.21 |
| 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 | 75% |
| 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 | 2 887 $ CAD | 774 - 849 |
| 1+1 | 2 | 2 625 $ CAD | 480 |
1 1
Moyennement accessible à pied
70/100
Très bien adapté aux voitures
80/100
Transports en commun relativement accessibles
50/100
Moyennement accessible en vélo
60/100
Impôts fonciers
| Numéro de lot | 5638-003-053 | Évaluation totale | 575 601 $ CAD |
| Évaluation du terrain | 258 431 $ CAD | Impôts annuels | 35 399 $ CAD (4,92 $ CAD/pi²) |
| Évaluation des bâtiments | 317 169 $ CAD | Année d’imposition | 2025 |
Impôts fonciers
Numéro de lot
5638-003-053
Évaluation du terrain
258 431 $ CAD
Évaluation des bâtiments
317 169 $ CAD
Évaluation totale
575 601 $ CAD
Impôts annuels
35 399 $ CAD (4,92 $ CAD/pi²)
Année d’imposition
2025
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Prime Glendale 8-Unit | ADU BID IN HAND! | 650 W Wilson Ave
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