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Armand Martin

armand.martin@exprealty.com +1(661) 221-5011

$ 7,000,000

Est. payment | -/mo

20 Beds

21 Baths

11,058 SqFt

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$ 7,000,000

Est. payment | -/mo

Save

20 Beds

21 Baths

11,058 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,058 sqft

Price per Sqft $633

MLS Listing ID 26873639

Bedrooms 20

Construction Status Updated/Remodeled

Year Built 1963

Lot Size 10,363 Sqft

Acres 0.2379

Property Sub-Type Multi-Family

Property Description

1042 Western Avenue, a well-maintained, 17-unit multifamily community located in a highly walkable Glendale neighborhood. Built in 1963, the property contains approximately 11,058 square feet of building area and features a favorable unit mix consisting of two studio apartments, ten one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit and four two-bedroom/two-bathroom units. The unit count includes one permitted accessory dwelling unit. Ownership has recently remodeled 15 of the property's 17 units, providing an investor with the opportunity to acquire a substantially renovated apartment community with limited near-term interior capital requirements. The remodeled units feature new flooring and appliances, quartz countertops and updated HVAC systems. The units also offer large closets and generous interior storage, providing residents with comfortable and functional living spaces. On-site amenities include a swimming pool and laundry facilities. The property also contains seven large storage units, which may be rented separately to generate additional income. Subject to an investor's independent investigation and applicable governmental approvals, the storage area may also present the potential for conversion into an additional accessory dwelling unit. The property is located just a short drive from Downtown Burbank, providing residents with convenient access to its extensive collection of restaurants, shopping, entertainment venues, major employers and media-industry employment centers. The property's strategic location between Glendale and Burbank, along with its proximity to neighborhood amenities and everyday services, contributes to its continued rental appeal. 1042 Western Avenue presents investors with the opportunity to acquire a substantially renovated Glendale apartment community with approximately 15% upside in rents, that also offers a diversified unit mix, attractive resident amenities and multiple potential avenues for additional income and long-term value creation.

Location

State CA

County Los Angeles

Area Glendale-Northwest

Zoning GLR4YY

Rooms

Other Rooms None

Kitchen Quartz Counters

Interior

Heating Wall

Cooling Wall Unit(s)

Flooring Laminate

Equipment Dishwasher, Vented Exhaust Fan, Refrigerator, Range/Oven

Laundry Room

Exterior

Parking Features Covered Parking

Garage Spaces 16.0

Pool In Ground

Roof Type Flat

Building

Lot Description 2-4 Lots

Story 2

Level or Stories Two

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Investment Real Estate Associates

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Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

1042 Western Ave Glendale, CA 91201

Armand Martin

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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1042 Western Ave