Back to Search
1818 Vassar St
For Sale $10,800,000 ($423.86 per Sq Ft)
$10,800,000 ($423.86 per Sq Ft)
- 31 Units
- 25,480 Sq Ft
- 24,049 Sq Ft
- Unknown Cap Rate
Description
We are pleased to present 1818-1826 Vassar Street, a rare opportunity to acquire a fully stabilized 31-unit apartment building in Glendale. Built in 1987, the property totals 25,480 SF multi-story building on a 23,990 SF lot zoned and features 16 one-bedroom/1-bath units and 15 two-bedroom/1.5-bath units, with 50 covered parking spaces in a fully sprinklered below-grade garage. Individually metered for gas and electricity, master-metered for water, and fully secured with intercom access, the building also offers on-site laundry and excellent curb appeal. This asset provides immediate cash flow and offers significant value-add potential. Investors can enhance rents in compliance with AB 1482, implement capital improvements, and maximize returns in a market with no local rent control. With its strong unit mix, ample parking, and turnkey condition, this property is ideal for long-term investors or value-add strategies in Glendale, a city considered one of the leading most desirable neighborhoods of the area. This property is centrally located and within a short drive to The Americana at Brand & the vibrant Atwater Village Shopping/Retail Corridor. **Property Video link is provided. Do not contact tenants or the on-site manager. Contact listing agents for full details and to schedule a private showing. Excellent 1031 Exchange potential for an exceptional investment opportunity act now!
Loading map...
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $10,800,000 |
| Property Type | Multi-Family |
| Usable Sqft | 25,480 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1987 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5640037037 |
| MLS # | 26667623 |
| Property ID | 322691038 |
| Lot Sqft | 24,049 |
| Zoning | GLR4* |
| Total Units | 31 |
| Days on Market | 69 |
| Original List Price | $10,800,000 |
| Date Updated | March 28, 2026 |
| Date Created | March 20, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.50 | $2,466 | $37,500 |
| Unit #2 | 1 | 1.00 | $1,958 | $34,400 |
| Gross Income (Yr) | $ 793,023 |
| Operating Expenses | $ 282,798 |
| Net Income (Yr) | $ 510,226 |
| Cap Rate | 4.72% |
Listing Provided By
Shant Sherbetdjian an agent of Remax Commercial and Investment Realty. Lic #01713570
© 2026 CARETS and TheMLS. All rights reserved. Based on information from CARETS as of March 28, 2026 The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Robert Crawford
REAL ESTATE AGENT