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Prime Glendale 8-Unit | ADU BID IN HAND! 650 W Wilson Ave Immeuble residentiel 8 lots 1 980 313 € (247 539 €/Lot) Taux de capitalisation 5,80 % Glendale, CA 91203
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Generational asset, first time ever on the market located in the heart of Glendale.
- Massive value-add opportunity! Both 1Bed/1Bath units in the rear building will be delivered vacant.
- One vacant unit, allowing for immediate upside and flexibility. Several units renovated with new countertops, cabinets, and flooring
- 5.80% current cap rate with a conservative 6.92% pro forma, offering strong in place returns with clear upside!
- ADU bid already in hand to convert both vacant units and add an additional unit!
- Located just 2 minutes (0.5 miles) from the Americana at Brand and Glendale Galleria. Minutes from Target, Whole Foods Market, Trader Joe's, & Costco
Résumé analytique
The 5+ Unit Specialists are pleased to present 650 W Wilson, an extremely rare 8-unit generational asset, first time on the market, ideally located in the heart of Glendale just steps from The Americana at Brand, offered at $2,299,000. Featuring two units delivered vacant in a separate rear structure and an ADU bid already in hand, this is one of the best positioned value-add opportunities in the entire submarket, delivering a stronger GRM and higher cap rate than nearly every competing Glendale listing.
Located on a quiet, tree-lined street just 0.5 miles from The Americana at Brand, the property consists of six 2-bedroom units and two 1-bedroom units, both of which will be delivered vacant at closing, allowing a new owner to immediately capture rental upside. The asset is already performing at a 5.80% cap rate with a conservative 6.92% pro forma, both calculated using real operating expenses and including a 5% management fee.
Adding to the opportunity, a contractor bid is already in hand to convert the two vacant rear units into a large 3 bed unit and construct an additional 3 bed unit ADU
in the existing parking area, creating the potential for a 9th unit and additional rental income. With both rear units delivered vacant, a buyer can begin the conversion immediately after closing without the delays and costs associated with tenant relocation.
The majority of units have already been upgraded with new or refinished countertops, cabinetry, and flooring, and electrical panel breakers have been replaced throughout, helping minimize future capital expenditures. Tenants enjoy a highly walkable location near The Americana, Glendale Galleria, Whole Foods, Trader Joe's, and Target, supporting strong and consistent rental demand.
This is a true legacy Glendale asset combining irreplaceable location, in-place income, and immediate value-add potential at a basis that is becoming increasingly difficult to find.
Located on a quiet, tree-lined street just 0.5 miles from The Americana at Brand, the property consists of six 2-bedroom units and two 1-bedroom units, both of which will be delivered vacant at closing, allowing a new owner to immediately capture rental upside. The asset is already performing at a 5.80% cap rate with a conservative 6.92% pro forma, both calculated using real operating expenses and including a 5% management fee.
Adding to the opportunity, a contractor bid is already in hand to convert the two vacant rear units into a large 3 bed unit and construct an additional 3 bed unit ADU
in the existing parking area, creating the potential for a 9th unit and additional rental income. With both rear units delivered vacant, a buyer can begin the conversion immediately after closing without the delays and costs associated with tenant relocation.
The majority of units have already been upgraded with new or refinished countertops, cabinetry, and flooring, and electrical panel breakers have been replaced throughout, helping minimize future capital expenditures. Tenants enjoy a highly walkable location near The Americana, Glendale Galleria, Whole Foods, Trader Joe's, and Target, supporting strong and consistent rental demand.
This is a true legacy Glendale asset combining irreplaceable location, in-place income, and immediate value-add potential at a basis that is becoming increasingly difficult to find.
Bilan financier (Réel - 2025) |
Annuel | Annuel par m² |
|---|---|---|
| Revenu de location brut |
162 191 €
|
242,68 €
|
| Autres revenus |
12 580 €
|
18,82 €
|
| Perte due à la vacance |
6 488 €
|
9,71 €
|
| Revenu brut effectif |
168 283 €
|
251,79 €
|
| Taxes |
21 486 €
|
32,15 €
|
| Frais d’exploitation |
31 990 €
|
47,86 €
|
| Total des frais |
53 476 €
|
80,01 €
|
| Résultat net d’exploitation |
114 807 €
|
171,78 €
|
Bilan financier (Réel - 2025)
| Revenu de location brut | |
|---|---|
| Annuel | 162 191 € |
| Annuel par m² | 242,68 € |
| Autres revenus | |
|---|---|
| Annuel | 12 580 € |
| Annuel par m² | 18,82 € |
| Perte due à la vacance | |
|---|---|
| Annuel | 6 488 € |
| Annuel par m² | 9,71 € |
| Revenu brut effectif | |
|---|---|
| Annuel | 168 283 € |
| Annuel par m² | 251,79 € |
| Taxes | |
|---|---|
| Annuel | 21 486 € |
| Annuel par m² | 32,15 € |
| Frais d’exploitation | |
|---|---|
| Annuel | 31 990 € |
| Annuel par m² | 47,86 € |
| Total des frais | |
|---|---|
| Annuel | 53 476 € |
| Annuel par m² | 80,01 € |
| Résultat net d’exploitation | |
|---|---|
| Annuel | 114 807 € |
| Annuel par m² | 171,78 € |
Informations sur l’immeuble
| Prix | 1 980 313 € | Style d’appartement | De faible hauteur |
| Prix par lot | 247 539 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,08 ha |
| Taux de capitalisation | 5,80 % | Surface de l’immeuble | 668 m² |
| Multiplicateur du loyer brut | 12.21 | Occupation moyenne | 75% |
| Nb de lots | 8 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction | 1956 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,08/1 000 m² |
| Zonage | GLR4* | ||
| Prix | 1 980 313 € |
| Prix par lot | 247 539 € |
| Type de vente | Investissement |
| Taux de capitalisation | 5,80 % |
| Multiplicateur du loyer brut | 12.21 |
| Nb de lots | 8 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,08 ha |
| Surface de l’immeuble | 668 m² |
| Occupation moyenne | 75% |
| Nb d’étages | 2 |
| Année de construction | 1956 |
| Ratio de stationnement | 0,08/1 000 m² |
| Zonage | GLR4* |
Caractéristiques
Caractéristiques du lot
- Cuisine
- Réfrigérateur
- Cuisinière
- Baignoire/Douche
- Congélateur
Caractéristiques du site
- Accès 24 h/24
- Accès contrôlé
- CVC contrôlé par l’occupant
- Détecteur de fumée
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 2+1 | 6 | 1 752 € | 72 - 79 |
| 1+1 | 2 | 1 594 € | 45 |
1 1
Moyennement praticable à pied
70/100
Très bien adapté aux voitures
80/100
Transports en commun relativement accessibles
50/100
Moyennement praticable en vélo
60/100
Taxes foncières
| Numéro de parcelle | 5638-003-053 | Évaluation totale | 354 870 € |
| Évaluation du terrain | 159 329 € | Impôts annuels | 21 486 € (32,15 €/m²) |
| Évaluation des aménagements | 195 542 € | Année d’imposition | 2025 |
Taxes foncières
Numéro de parcelle
5638-003-053
Évaluation du terrain
159 329 €
Évaluation des aménagements
195 542 €
Évaluation totale
354 870 €
Impôts annuels
21 486 € (32,15 €/m²)
Année d’imposition
2025
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Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
Prime Glendale 8-Unit | ADU BID IN HAND! | 650 W Wilson Ave
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