1029 Ruberta, Glendale, California 91201, Glendale, 91201 - 0 bed, 0 bath
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Glendale, California 91201
This High-Potential Investment Opportunity is a Quadruplex Asset listed at $1,325,000, positioned slightly above the $1,313,566 Fair Market Value. While priced at market, the property offers significant stability due to its Non-Rent Controlled status and New 2025 Roof. With a Condition Rating of 4, the units are functional but offer clear value-add potential through interior modernization. Featuring 4 Detached Garages and Copper Plumbing, this is a stable, income-generating acquisition ideal for Buy-and-Hold Investors or 1031 Exchange Buyers seeking long-term cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1029 Ruberta Subject | $1,325,000* List Price | 0 | 0 | 2,278 | $577 | - |
A 423 Raymond Avenue Sold | $1,250,000 | 5 | 3 | 2,189 | $571 | 0.7 mi |
B 423 Raymond Avenue Sold | $1,250,000 | 0 | 0 | 2,189 | $571 | 0.7 mi |
C 1168 Justin Avenue 4 Sold | $1,660,000 | 0 | 0 | 2,865 | $579 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1941, this property is well-maintained with a new roof (2025) and copper plumbing on the main line, but remains dated with original gas floor furnaces and 1940s-era built-ins. It is functional and fully occupied, but requires interior modernization of kitchens and baths to meet modern standards.
The property is located in a non-rent controlled area of Glendale, providing investors with significant flexibility to adjust rents to market rates and maximize cash flow.
A brand-new roof installed in 2025 and copper plumbing on the main supply line reduce immediate maintenance concerns and long-term capital expenditure requirements.
The inclusion of four detached single-car garages is a premium feature for a quadruplex, offering high tenant appeal and potential for additional storage income.
The 'drive-by only' restriction and requirement for an offer prior to inspection create a barrier for buyers to fully assess the interior condition before committing.
The reliance on original gas floor furnaces for heating suggests aging infrastructure that may eventually require a costly transition to modern HVAC systems.
Very nice 4 plex built in 1941, first time on the market since 2004, attractive garden with sprinkler system, 4) 1 bedroom 1 bath units, built in cabinets in dining area, walk in closets, front and rear door access to all units, gas floor furnace heat(4) detached single car garages, walk to parks, shopping, transportation, no rent control, asphalt driveway , cooper plumbing on main supply line, 4 units and garages currently rented . New roof ( 2025) offer subject to inspection, drive by only, please do not disturb tenants. Buyer to verify all the information, development potential, square footage, permits, lot dimentions, no rent control, Property is being sold as a 1031 exchange, buyer to cooperate at no expense to buyer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,278 | 2,189 |
| Lot Size | 7,425 | 8,140.5 |
| Price | $1.32M | $1.23M |
| Price per sq ft | $582 | $595 |
| Built year | 1941 | 1938 |
| HOA | $0 | $0 |
| Days on market | 2 | 50 |
Jul 20, 2026
$1,325,000
Initial Listing
Dec 15, 2004
$750,000
Public Record
Oct 24, 2003
$589,000
Public Record