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34068779
34068778

655 Ivy St, Glendale, CA 91204

TB
CA 02215641
eXp Realty of Greater LA, Inc.
BB
CA 01297151
Anderson Ballard Companies
Listed by eXp Realty of Greater LA, Inc., Anderson Ballard Companies
$6,500,000
1 day on market
Updated 1 day ago

655 Ivy St

Details
APN 5695-002-008
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,273
Units 12
Cap Rate 4.11%
NOI $266,908
Tenancy Multi
Pro-Forma Cap Rate 4.35%
Pro-Forma NOI $282,459
Price per SqFt $701
Year Built 1963
Stories 2
Acreage 0.320
Zoning GLR4P

655 Ivy St, Glendale, CA 91204

Marketing description

In the heart of Glendale, 655 Ivy St is a fully remodeled 12-unit apartment community two blocks from downtown Glendale, the Americana at Brand, and the Galleria. The two-story, garden-style property offers eleven 2-bedroom units and one 3-bedroom, each renovated with new kitchens, baths, flooring, in-unit laundry, and central A/C. With strong in-place rents and turnkey condition in a supply-constrained submarket, 655 Ivy is a true pride-of-ownership cash-flow asset.

Glendale is one of Los Angeles County's premier rental markets — a city of roughly 200,000 anchored by a thriving downtown, the Americana at Brand and Glendale Galleria, and a deep base of entertainment, healthcare, and creative employers. Known for top-rated schools, walkable neighborhoods, and a central location at the crossroads of the 134, 2, and 5 freeways, Glendale offers quick access to Burbank, Pasadena, and Downtown LA. Persistent demand, limited new supply, and strong household incomes drive some of the region's most stable rental fundamentals.

Investment highlights

  • 12 Units | All Units Fully Remodeled
  • 11 x 2BD/1BA + 1 x 3BD/1BA
  • Strong In-Place Cash Flow — $267K Current NOI
  • New Kitchens, Baths, Flooring & In-Unit Laundry
  • Central A/C — Turnkey, Low-Capex Asset
  • Walk to Downtown Glendale, Americana & Galleria

Listing Contacts

TB
CA 02215641
eXp Realty of Greater LA, Inc.
BB
CA 01297151
Anderson Ballard Companies
Listed by eXp Realty of Greater LA, Inc., Anderson Ballard Companies

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$266,908.00
$22,242.33/mo

Valuation Metrics

0
DSCR
4.11%
Cap Rate
4.11%
ROI

Map

Zoning

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R-3050 ResidentialMulti FamilyModerate Density Residential
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Trey Ballard
License
02215641
Brokerage
eXp Realty of Greater LA
Brokerage Phone
8188508802
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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