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31567581
31567582

729 Raleigh St, Glendale, CA 91205 For Sale

JA
CA CA 01822661
KW Commercial Studio City
MP
CA 01274379
KW Commercial Studio City
Listed by KW Commercial Studio City
$3,999,000
105 days on market
Updated 15 days ago

729 Raleigh St

Details
APN 5675-013-018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,424
Net Rentable (SqFt) 11,424
Units 13
Cap Rate 6.27%
NOI $250,718
Occupancy 100%
Pro-Forma Cap Rate 6.39%
Pro-Forma NOI $255,657
Price per SqFt $350
Class B
Year Built 1964
Buildings 1
Stories 2
Lot Size (SqFt) 10,782
Zoning GLR4YY

Multifamily | 13 Units (1 Non-Conforming Unit) | Great Glendale Location

Marketing description

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

Investment highlights

Great Glendale Location

Unit Mix: 2-1+1 | 1-2+1 | 10-2+2

On-Site Parking With Storage

On-Site Laundry

Individually Metered For Gas & Electric

Pride Of Ownership Building

High Demand Rental Location

Nearby Shopping/Transit

Short distance To CA-134 & CA-2, & I-5 Freeways

Glendale Galleria Nearby

Short Distance To Glendale Transit Station

Minutes from The Americana at Brand

Listing Contacts

JA
CA CA 01822661
KW Commercial Studio City
MP
CA 01274379
KW Commercial Studio City
Listed by KW Commercial Studio City

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$250,718.00
$20,893.17/mo

Valuation Metrics

0
DSCR
6.27%
Cap Rate
6.27%
ROI

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Additional Information

Name
James Antonucci
License
CA 01822661
Brokerage
KW Commercial Studio City
Brokerage Phone
8183816601
Title
Vice President of Investments
Brokerage Address
4605 Lankershim Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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