$10,800,000
1818 Vassar Street, Glendale CA 91204
Multi-Family (31 Units)
Property type
77 days
On market
$424
Price per sqft
N/A
Garage
1987
Year built
24,049 sqft
Lot size
Open Houses
Overview
We are pleased to present 1818-1826 Vassar Street, a rare opportunity to acquire a fully stabilized 31-unit apartment building in Glendale. Built in 1987, the property totals 25,480 SF multi-story building on a 23,990 SF lot zoned and features 16 one-bedroom/1-bath units and 15 two-bedroom/1.5-bath units, with 50 covered parking spaces in a fully sprinklered below-grade...
Listing provided by: Shant Sherbetdjian DRE #01713570 626-657-8150, Remax Commercial and Investment Realty, Juan Cardenas DRE #01233927 562-587-5494, Remax Commercial and Investment Realty
Listing updated: Mar 28, 2026 at 07:18am.
Last checked: Jun 5, 2026 at 01:00am
Source: CRMLS #26667623
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 16 | 1 | 1 | — | $1,958 | $31,328 | $34,400 | Unfurnished |
| 15 | 2 | 1 | — | $2,466 | $36,990 | $37,500 | Unfurnished |
# of Buildings: 1
# of Units Total: 31
Financial Snapshot
Gross Rent Multiplier
13.2x
List Price / Annual Gross Rent
Cap Rate
4.72%
NOI / List Price
Vacancy Allowance: $32,793
Vacancy Allowance Rate: 4%
Net Operating Income: $510,226
Interior
Laundry: Common Area
Exterior
Stories Total: 2
Levels: Multi Split
Garage and Parking
Parking Total: 52
Lot Information
Land Lease: No
Parcel #: 5640037037
Zoning: GLR4*
Community
HOA: No
Senior Community: No
High School District: Glendale Unified
Nearby Schools
Nearby schools around the 1818 Vassar Street, Glendale, CA 91204. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$8,640,000
Total Interest
$11,019,844
Total Payment
$19,659,844
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$66,011
per month
Property History for 1818 Vassar Street
Glendale Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91204.
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