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1001 S Central Ave, Glendale, CA, 91204

10beds
28baths
20,355sqft
$6,750,000
$332price/sqft
$45,550/moest. monthly cost
$1,822,000/yrincome needed

About This Home

Located in the highly desirable city of Glendale, 1001-1005 S Central Ave presents a rare mixed-use investment opportunity in one of Los Angeles County's most dynamic and supply-constrained rental markets. UPSIDE INCOME FOR ON-SITE STORAGE! Positioned on a prominent corner lot along a major thoroughfare, the property benefits from strong visibility, consistent foot and vehicle traffic, and long-term upside potential. The property features a diverse unit mix of 28 total units, including 16 singles, 10 one-bedroom/one-bath units, and 2 commercial spaces, offering investors a balanced income stream from both residential and retail components. This mix provides flexibility and stability, attracting a wide range of tenants while diversifying revenue sources. The property also includes on-site laundry facilities, an essential amenity that enhances tenant convenience and retention. Situated in a high-demand rental location, the property is surrounded by a dense population, strong employment base, and a variety of retail and dining options. Residents and commercial tenants alike benefit from close proximity to the Glendale Galleria and The Americana at Brand, two of the area's premier shopping and lifestyle destinations. The location also offers excellent accessibility with short distance to the Interstate 5, State Route 134, and State Route 2, providing convenient connectivity throughout the greater Los Angeles area. Public transportation is easily accessible via the nearby Glendale Transportation Center, further enhancing the property's appeal to tenants. With its prime Glendale location, strong mixed-use configuration, corner lot positioning, and proximity to major retail, transit, and freeway access, 1001-1005 S Central Ave represents a compelling opportunity for investors seeking stable income with long-term growth potential in a thriving urban market. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Getting Around

93
WalkingWalker's Paradise
63
TransitGood Transit
63
BikeBikeable

Schools

5/10
6/10
Glendale High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1928

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven

Bedrooms & Bathrooms

  • Bedrooms: 10
  • Bathrooms: 28

Heating & Cooling

  • Heating features: Wall
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 20,355
  • Total interior livable area: 20,355 sqft

Property

Details

  • Parcel number: 5696025038
  • Zoning: GLC3
  • Special condition: Standard

Features

  • Levels: Multi/Split
  • Stories: 3

Lot

  • Lot size: 8,102 sqft

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingVery High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Heat Wave
Wildfire

FEMA Declared Disasters in Los Angeles County and California

Earthquake
Fire
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $34,131$409,572
Home Insurance *$638$7,656
Property Taxes $6,417$77,004
Electricity $4,364$52,378
Total$45,550$546,600
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,561,714/yr
40% on housing$1,366,500/yr
45% on housing$1,214,666/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$332This listing

vs Other Active Listings

Avg $/sqft

ZIP 91204$643
Los Angeles County$602

vs Homes Sold Last Month

Median $/sqft

ZIP 91204$714
Los Angeles County$610

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-22Listed for sale$6,750,000
2023-11-12Listing removed--
2023-08-18Listed for rent$1,795
2023-08-06Listing removed--
2023-03-24Price change$1,795
2023-03-15Price change$2,195
2023-03-13Price change$1,995
2023-01-29Price change$1,795
2022-12-22Price change$1,995
2022-08-31Price change$1,895
2022-07-31Price change$1,695
2022-07-16Listed for rent$1,795
2022-07-07Listing removed--
2022-06-17Price change$1,795
2022-05-30Listed for rent$1,695
2022-02-24Listing removed--
2022-02-04Price change$1,495
2021-10-15Price change$1,595
2021-06-16Listed for rent$1,695
2021-03-24Listing removed--
2018-09-28Listing removed$1,395
2018-09-06Listed for rent$1,395
2018-06-13Listing removed$1,295
2018-04-11Price change$1,295
2018-03-12Listed for rent$1,395
2004-09-13Sold$2,515,000
1999-09-15Sold$238,181
1996-09-25Sold$500,000
1995-02-23Sold$53,482

For Sale by Agent

AgentMichael Pesci
BrokerageKeller Williams Studio City

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