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34583490
34583492

1137 & 1141 Irving Ave, Glendale, CA 91201 For Sale

BB
CA CA 01297151
Anderson Ballard Companies
TB
CA 02215641
eXp Realty of Greater LA, Inc.
Listed by Anderson Ballard Companies, eXp Realty of Greater LA, Inc.
$4,500,000
3 days on market
Updated 3 days ago

1137 & 1141 Irving Ave

Details
APN 5621-039-019,5621-039-018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,896
Units 10
Cap Rate 4.33%
NOI $194,983
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.61%
Pro-Forma NOI $252,545
Price per SqFt $413
Year Built 1964
Year Renovated 2019
Buildings 2
Lot Size (SqFt) 13,342
Zoning Glendale R-MF (Verify)
Parking Spaces 14 spaces
Parking per 1,000 SqFt 1.28

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)

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$194,983.00
$16,248.58/mo

Valuation Metrics

0
DSCR
4.33%
Cap Rate
4.33%
ROI

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Additional Information

Name
Brent A. Ballard
License
CA 01297151
Brokerage
eXp Realty of Greater Los Angeles
Brokerage Phone
8189190282
Title
Broker Associated
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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