$5,199,000
-$200,000404 Lincoln Avenue, Glendale CA 91205
Multi-Family (14 Units)
Property type
133 days
On market
$395
Price per sqft
25 cars
Garage
1987
Year built
11,905 sqft
Lot size
Open Houses
Overview
Investors Dream! An incredible Residential Income property in Glendale is all that you have been waiting for. All units have a washer/dryer. LOW RENTS, which is a great upside for this investment. This is a well-kept 14 unit building that features a nice secured community parking structure and a controlled accessed entry. The units have wonderful open floorplans with...
Listing provided by: Albert Babayan DRE #01012033, JohnHart Real Estate, Roubina Zargarian DRE #01235023, JohnHart Real Estate
Listing updated: Jun 15, 2026 at 09:09pm.
Last checked: Jun 15, 2026 at 09:30pm
Source: CRMLS #GD26024347
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 3 | 2 | — | $3,150 | $6,300 | $5,906 | Unfurnished |
| 12 | 2 | 2 | — | $2,163 | $5,956 | $24,084 | Unfurnished |
# of Buildings: 1
# of Units Total: 14
Separate Electric Meters: 15
Separate Gas Meters: 15
Separate Water Meters: 1
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
13.4x
List Price / Annual Gross Rent
Cap Rate
5.6%
NOI / List Price
Gross Scheduled Income: $387,000
Operating Expense: $101,213
Net Operating Income: $291,335
Annual Operating Expenses
Electric: $16,272
Gardener: $3,096
Fuel: $0
Insurance: $12,600
Maintenance: $2,400
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Laundry: Inside
Entry Location: Street
Exterior
Property Attached: Yes
Stories Total: 3
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Covered, Community Structure
Garage Spaces: 25
Parking Total: 25
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5680031001
Additional Parcels: Yes
Tax Lot: 33
Zoning: GLR4YY
Community
Senior Community: No
Community Features: Street Lights, Sidewalks