650 W Wilson Ave, Glendale
Prime Glendale 8-Unit | .05 Miles to The Americana | 1 Vacancy + ADU Upside
RARE 8-unit Glendale asset priced at $2,399,000 delivering a 5.62% cap and 6.79% pro forma. 7/8 units leased with one vacancy for immediate upside. Unit mix includes six 2-bed and two 1-bed units. Located just 0.05 miles from The Americana at Brand on a quiet residential street. Majority of units upgraded with additional ADU potential and strong in-place income in a high-demand rental pocket.
The Important
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$2,399,000
8-Unit
Pre-Market
8
1954
5.62%
12.69
$219,600
5,852 sqft
8,764 sqft
$409.95
$299,875
6x 2b/1b, 2x 1b/1b
No
6 Spaces
No
Other Features:
5 units have storage space in parking area, Two units due for increases!
The Highlights
Generational asset, first time ever on the market located in the heart of Glendale.
Upside opportunity with an added ADU in parking area + multiple units due for increases!
5.62% current cap rate with a conservative 6.79% pro forma, strong in-place return with clear upside
8-unit mix: six 2-bedroom units and two 1-bedroom units, ideal for consistent tenant demand
One vacant unit, allowing for immediate upside and flexibility. Several units renovated with new countertops, cabinets, and flooring
All electrical panel breakers have been updated, reducing future capital needs
Located just 2 minutes (0.5 miles) from the Americana at Brand and Glendale Galleria. Minutes from Target, Whole Foods Market, Trader Joe's, and Costco
Quiet, tree lined street in a highly desirable Glendale rental pocket
6 on-site parking spaces, including 4 covered carport spots
The Neighborhood
<15-Minute Walk
The Americana at Brand, AMC The Americana at Brand 18, Glendale Galleria
<15-Minute Drive
Moonlight Rollerway, Cècile Trattoria, The Pub at Golden Road- Atwater Village, Griffith Park, Costco Wholesale, Trader Joe’s, Chick-fil-A, In-N-Out Burger
<$15 Uber Ride
BJ's Restaurant & Brewhouse, California Pizza Kitchen at Glendale, Olive Garden Italian Restaurant, Starbucks Coffee Company, Target, Din Tai Fung, Broadway Burger, Barnes & Noble, Louis Vuitton Glendale Americana
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