$4,399,000
1642 S Central, Glendale CA 91204
Multi-Family (31 Units)
Property type
24 days
On market
$109
Price per sqft
17 cars
Garage
1915
Year built
9,962 sqft
Lot size
Open Houses
Overview
We are pleased to exclusively present for sale a premiere Development Opportunity in the City of Glendale. This is the mixed-use 31 units apartment complex project. There is a fantastic opportunity for an investor/developer to acquire and build dream contemporary income property and take advantage of strong rent growth and positive market momentum in a dynamic Glendale City....
Listing provided by: Armen Saroyan DRE #01509865, SARO Realty Inc
Listing updated: May 13, 2026 at 05:51pm.
Last checked: Jun 5, 2026 at 01:00pm
Source: CRMLS #GD26103156
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 31 | 31 | 0 | — | $0 | $0 | $1,520,000 | Unfurnished |
# of Buildings: 1
# of Units Total: 31
Separate Electric Meters: 1
Separate Gas Meters: 1
Separate Water Meters: 1
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
2.9x
List Price / Annual Gross Rent
Cap Rate
33.52%
NOI / List Price
Gross Scheduled Income: $1,520,000
Operating Expense: $45,601
Net Operating Income: $1,474,424
Annual Operating Expenses
Electric: $14,400
Gardener: $5,400
Fuel: $0
Insurance: $0
Maintenance: $10,800
New Taxes: $325,000
Pest Control: $1,200
Professional Management: $5,400
Trash: $3,960
Water / Sewer: $8,400
Interior
Laundry: Inside
Entry Location: 1
Exterior
Architectural Style: Contemporary
Property Attached: Yes
Stories Total: 5
Common Walls: One Common Wall
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 17
Parking Total: 17
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5640029014
Additional Parcels: No
Tax Lot: 12
Tax Block: 4
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 1642 S Central, Glendale, CA 91204. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,519,200
Total Interest
$4,488,546
Total Payment
$8,007,746
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$26,976
per month
Property History for 1642 S Central
Glendale Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91204.
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