Multifamily

Property in Unknown, XX

453 Ivy Street, Glendale, CA 91204

Price

$7,500,000

Price/Sq Ft

$7.00

Description

CBRE Offering: Glendale | All Two-Bedroom Units* | 1984 Construction CBRE, Inc. is proud to exclusively present 453 Ivy Street in the city of Glendale. Located south of Broadway, between Paciﬁc Avenue and Central Avenue, and north of Colorado Street, 453 Ivy Street offers an investor the rare opportunity to own an excellent piece of real estate in one of the most prominent submarkets within the Tri-Cities and the San Fernando Valley. 453 Ivy Street is a three-story, 17 plus 1 non-conforming unit multifamily property constructed in 1984 on a ±14,959 square foot lot, with a total building size of ±20,733 square feet. The neatly landscaped, controlled-access property is well maintained, separately metered for gas and electric (non-conforming units are master-metered), serviced by central water heaters, and offers an elevator and partial subterranean parking spaces with storage areas. Two units have individual garages within the parking structure. 453 Ivy Street boasts an excellent unit mix of all two-bedroom/two-bathroom units. The large units are approximately ±1,148 square feet and offer laminate wood and tile ﬂooring, a stove, a refrigerator, a microwave, a dishwasher, central air & heat, in-unit laundry (non-conﬁrming units have shared a laundry room), recessed lighting, a ﬁreplace, ample closet and storage space, and a balcony or patio. Select units have been renovated. *Property has 17 legal units with 1 non-conforming unit

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

453 Ivy Street, Glendale, CA 91204

Leaflet © OpenStreetMap contributors

Market Context

This multifamily in Glendale, CA is listed for sale at $7,500,000. It has been on the market for 147 days.

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: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$2,333/unit/mo

Estimated sale value

$269,483–$336,853/unit

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.0%, asking rent held flat).

View the full Greater Los Angeles Multifamily market report →

Compare it against other multifamily listings for sale in Glendale, CA to benchmark pricing and space — view the full market.

Multifamily market FAQ

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

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.