Multifamily Property for Sale in Glendale, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Glendale, CA 91204

Description

Marcus & Millichap presents 331 W. Windsor Road, an exceptionally well-maintained 8-unit multifamily investment opportunity in the desirable Pacific-Edison neighborhood of southwest Glendale. This asset is subject to Glendale’s Rental Ordinance (aligned with statewide AB 1482 provisions) allowing annual increases of 5% + CPI. This positions an investor to capture the remaining upside relatively quickly through standard adjustments. Additional income streams include monthly laundry income and parking income from five private one-car garages. Built in 1957, the asset totals 4,708 square feet and includes eight one-bed/one-bath units, of which five units have received extensive renovations that include modern appliances, quartz countertops, new kitchen cabinetry, new windows, and renovated bathrooms. Other capital expenditures include tankless water heaters, upgraded drain and sewer lines, new paint, new gutters, upgraded plumbing lines, new stairs, repaired walkways, electrical upgrades, artificial grass, and a new security system. Additional features include five private one-car garages, two surface parking spaces and on-site laundry with machines that are owned. The 7,559-square-foot lot is zoned R2250, rendering the current 8-unit configuration irreplaceable under existing zoning—this truly represents the highest and best use. Positioned just east of S. Central Avenue and three blocks north of W. Chevy Chase Drive, the property is under a mile from both The Americana at Brand and the Glendale Galleria. It offers excellent proximity to major thoroughfares and sits in one of Glendale’s highest rental demand neighborhoods, prized for its local retail and access to business and amenities. Investment Highlights: • Very Well-Maintained Asset • All One Bedroom Units • Five of Eight Units Recently Renovated • Five Private One-Car Garages • Lots of Recent Upgrades • Landlord Friendly City – Glendale is Subject to AB1482 and Allows Higher Rental Increase Amounts than the Ci

Market Context

This multifamily in Glendale, CA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 54 days. Compare it against other multifamily listings for sale in Glendale, CA — <a href="/search/sale/multifamily/california/glendale">view the full market</a>.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: Consensus Q1 2026 market report.

Its 5.5% asking cap rate is above the Greater Los Angeles multifamily market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per Consensus.

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