1137 & 1141 Irving Ave
1137 & 1141 Irving Ave, Glendale, CA 91201
Marketing description
Built in 1964 and totaling 10,896 square feet across two parcels, the buildings share a common driveway with tuck-under parking and feature spacious, townhome-style floor plans — predominantly two-bedroom, with two three-bedrooms. The property is 100% occupied, producing $24,680 in monthly income and stable day-one cash flow, with coin laundry at both buildings as a secondary income stream. The two-parcel configuration and existing site layout also present potential ADU opportunities under California's multifamily ADU statutes, subject to buyer verification with the City of Glendale. Grandview sits in northwest Glendale bordering Burbank, minutes from Downtown Glendale and the Americana at Brand, the Media District's Disney and Warner Bros. campuses, and I-5 and SR-134 access
Glendale is one of Los Angeles County's largest and most stable rental markets, anchored by a diversified economy, major employers, and the retail and dining of the Americana at Brand and Glendale Galleria. The subject sits in Grandview, an established residential pocket in northwest Glendale bordering Burbank, with views of the Verdugo Mountains and quick access to the Media District's Disney and Warner Bros. campuses. Consistent renter demand, limited new supply, and proximity to major employment centers support durable, resilient occupancy.
Investment highlights
- 10 Units | Two Adjacent 5-Unit Buildings
- 100% Occupied — Stable In-Place Income
- Spacious 2BR Townhome-Style Floor Plans
- Built 1964 · 10,896 SF Across Two Parcels
- Below-Market Rents — $2,468 Avg to $2,750 Pro
- Grandview, Glendale — Near I-5, SR-134 & Burbank
- Number of Units: 10
- Lot Size: 13,342 SF
- Building Size: 10,896 SF
- Type: Apartment
- Year Built: 1964
- Property Type: Multi-Family
- Construction: Wood-Frame
- New Roof in 2019
- AC Units in Each Bedroom
- 50 amp electrical in each unit
- APN: 5621-039-019 & 5621- 039-018
- Number of Beds: 22
- Number of Baths: 17
- Number of Buildings: 2
- Parking: Tuck-Under + Surface, 14 spots total
- Condition: Original /Maintained
- Zoning Code: Glendale R-MF (Verify)
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