Description
The Wilson West Apartment presents a rare opportunity to acquire a well-maintained multifamily asset in the heart of Downtown Glendale, just steps from The Americana at Brand, Glendale Galleria, and premier dining and retail amenities. Offered at a 12.98 GRM and 5.89% cap rate, this asset combines prime location, strong income, and low-maintenance ownership in a premier Glendale location. The property features a highly desirable unit mix of three spacious 2-bedroom/2-bath units and six large 1-bedroom/1-bath units, with each unit averaging approximately 900 square feet, offering tenants generous layouts rarely found in comparable properties. Most units have been recently upgraded, providing strong in-place income with additional long-term upside potential. The building has been thoughtfully maintained and improved, including a newer roof, all copper plumbing, and a new main sewer line, minimizing deferred maintenance and future capital expenditures. With a current gross monthly income of $23,430, the property offers investors stable cash flow, operational efficiency, and long-term appreciation potential in one of Los Angeles County's strongest rental submarkets.
Details
| MLS # | BB26207350 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 39 |
| Listing Provided By | LA Premier Realty | David Nalbandyan |
Features
| SQ Feet | 8,086 |
|---|---|
| Garage | 9 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 9 |
| Building(s) | 1 |
| Acreage | 0.22 |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Parking Features | Carport |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Water Not Available |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Glendale |
| Zip Code | 91203 |
| Area | 628 Glendale South of 134 Fwy |
| Listing VS Median (in 91203) | |
Price: $3,650,000 low | high Med: $4,300 sqft: 8,086 low | high Med: 1,423 $ / sqft: $451 low | high Med: $3 On site: 39 low | high Med: 50 | |
Market Activity 91203
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Glendale |
| Zip Code | 91203 |
| Area | 628 Glendale South of 134 Fwy |
| Listing VS Median (in 91203) | |
Price: $3,650,000 low | high Med: $4,300 sqft: 8,086 low | high Med: 1,423 $ / sqft: $451 low | high Med: $3 On site: 39 low | high Med: 50 | |
 | $3,795,000350 W WilsonGlendale, CA 91203 |