1840 W Glenoaks Blvd., Glendale, California 91201, Glendale, 91201 - 0 bed, 0 bath
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Glendale, California 91201
This 4-Unit Multifamily Asset is a High-Potential Investment Opportunity with a List Price of $1,799,000—positioned well below the $2,133,675 Fair Market Value by 15%. This valuation gap offers $334,675 in Instant Equity for the buyer. The property holds a Good Condition Rating, featuring updated plumbing, split-system HVAC, and in-unit laundry in every unit. With mountain views and six on-site parking spaces, this turnkey property ensures high tenant retention and stable cash flow. It is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1840 W Glenoaks Blvd. Subject | $1,848,000 | 0 | 0 | 3,550 | $536 | - |
A 1508 Winchester Avenue Active | $1,675,000 List Price | 4 | 3 | 2,576 | $650 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1944, the property has been well-maintained and updated. Key systems are modern, including newer split-system HVAC units and updated plumbing. The interiors are move-in ready with laminate flooring and recessed lighting. Although the kitchen cabinetry is dated (approx. 20+ years), the overall condition and recent system upgrades align with the 'Good' criteria.
Each of the four 2-bedroom units is equipped with in-unit stackable laundry and split-system A/C and heating, providing high-demand features that enhance tenant comfort and retention.
The property features significant capital improvements, including updated plumbing and newer exterior paint, offering a low-maintenance opportunity for investors seeking a move-in ready asset.
With six on-site parking spaces for only four units, the property provides a significant competitive advantage in a dense Glendale neighborhood where parking is typically at a premium.
The backyard and upper balconies are shared among all residents, which may limit the appeal for tenants specifically seeking private, exclusive outdoor living spaces.
While long-term tenants provide stability, their tenure often suggests that current rents may be below market value, potentially requiring a longer timeline to realize the property's full income potential.
1840 W. Glenoaks Blvd. presents a well-maintained 4-unit multifamily investment opportunity in a prime Glendale location. This two-story property features four identical units, each offering 2 bedrooms and 1 bathroom, with the added convenience of stackable in-unit laundry in each unit. The units are well-proportioned and include split-system A/C and heating, providing comfort and efficiency for tenants. The property has been thoughtfully improved with updated plumbing and newer exterior paint, enhancing both functionality and curb appeal. Situated on a centrally located lot, the property is within close proximity to grocery stores, schools, parks, and public transportation, making it highly desirable for long-term tenancy. The two upper units feature a sharable balcony, while the two lower units offer direct access to the backyard, which is a shared space for all residents—ideal for relaxing or outdoor gatherings. The exterior is surrounded by greenery, creating a welcoming and comfortable environment for tenants. Additional features include six on-site parking spaces. The property is currently occupied by long-term, well-maintained tenants, providing stable and consistent rental income. An excellent opportunity for investors seeking a turnkey asset in a strong rental market with upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 8% |
| Baths | 0.0 | 2.0 | 8% |
| Square foot | 3,550 | 1,616 | 88% |
| Lot Size | 6,684 | 7,783.5 | 38% |
| Price | $1.85M | $1.34M | 77% |
| Price per sq ft | $521 | $837 | 12% |
| Built year | 1944 | 1931 | 77% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 114 | 19% |
Apr 28, 2026
$1,799,000
Initial Listing