1142-1148 Western Ave Immeuble residentiel 17 lots 4 315 580 € (253 858 €/Lot) Glendale, CA 91201

Located in the heart of Glendale, this fully occupied 17-unit multifamily complex at 1142–1148 Western Ave presents a rare opportunity for investors seeking stable cash flow and long-term upside. The property spans 11,152 square feet on a 0.55-acre lot, offering a well-maintained residential environment in one of Southern California’s most desirable submarkets. Glendale is known for its safe neighborhoods, top-rated schools, and proximity to major employment hubs including Downtown Los Angeles, Burbank, and Pasadena. With seamless access to the 5 and 134 freeways, residents enjoy excellent connectivity across the region. The property’s location supports strong rental demand and long-term tenant retention. A standout feature is the potential to develop up to eight Accessory Dwelling Units (ADUs), allowing for future expansion and increased rental income. This added flexibility enhances the asset’s value proposition for both seasoned investors and owner-users. The offering is backed by a proven management team at Trumark Real Estate Management, which oversees over 2,000 multifamily units and 1 million square feet of commercial space across California and Arizona. With a market cap rate of 4.9% and full occupancy, this asset delivers immediate income and long-term growth potential in a high-demand rental corridor. The three buildings were built in 1928, 1949 and 1959 respectively.