Located in the highly desirable city of Glendale, 729 Raleigh St presents an exceptional multifamily investment opportunity in one of Los Angeles County's most stable and high-demand rental markets. This pride-of-ownership property has been well maintained and offers a strong in-place unit mix, making it an ideal asset for investors seeking both stability and long-term growth potential. The property features a desirable unit mix of 12 units & One (1) Non-Conforming Unit, 13 Total Units, consisting of 2 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, and 10 two-bedroom/two-bath units. The large concentration of two-bedroom units is highly attractive to families, professionals, and roommates, contributing to strong occupancy and consistent rental demand. The building is individually metered for gas and electric, helping to reduce owner expenses and improve overall operating efficiency. Tenants benefit from on-site parking with storage and on-site laundry facilities, amenities that significantly enhance rental appeal and tenant retention. The property's pride-of-ownership condition and functional layout make it a desirable place to live, contributing to long-term tenancy and stable income. The location offers excellent access to nearby retail, dining, and entertainment, including the Glendale Galleria and The Americana at Brand, both just minutes away. Residents also enjoy convenient access to public transportation, including the nearby Glendale Transportation Center, providing regional connectivity throughout Los Angeles County. Additionally, the property is centrally located with short distance access to the State Route 134, State Route 2, and Interstate 5, allowing convenient travel to surrounding employment centers including Burbank, Pasadena, Downtown Los Angeles, and the greater San Fernando Valley. With its prime Glendale location, strong unit mix, pride-of-ownership condition, and proximity to major retail, transit, and freeway access, 729 Raleigh St represents a compelling investment opportunity in a supply-constrained rental market with long-term appreciation potential. 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.
Mariposa, located between Brand Boulevard and Central Avenue, is a residential and commercial Glendale neighborhood with mid-century apartment courts and a walkable grid of side streets. The neighborhood’s character concentrates around the Brand Boulevard and Colorado Street corridor, where sidewalk patios, indie boutiques, and coffee counters set a steady daytime hum. The Alex Theatre anchors local culture with marquee-lit nights and classic movie-house details. Nearby, The Americana at Brand adds a polished retail-and-dining promenade, while the Museum of Neon Art keeps the creative pulse literal. Architecture shifts from Spanish Revival touches to clean-lined postwar buildings, with pocket parks and civic plazas shaping the daily rhythm.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Range/oven included
Bedrooms
Units include one 1-bedroom unit, one 2-bedroom unit, and multiple 2-bedroom units (total complex units: 13)
Bathrooms
Variety of bath counts across units (examples include 1.0 and 2.0 baths)
Kitchen
Range/oven
Laundry & utility
Wall heat for heating
Heating & cooling
Wall heat
Wall/window unit cooling
Exterior features
No other structures on the property
Lot approximately 0.247 acres
Zoning: GLR4YY
Home design
Residential income property
Two total floors; appears primarily one level layout
Parking
Covered parking available
Total parking for about 12 vehicles
Approximately 14 covered parking spaces (reported)
Construction
One building on the property
HOA & community
13 units in the complex
Financial info
Actual annual gross rent reported at $373,596
Gross income around $371,496
Gross operating income about $360,351
Net operating income about $250,718
Total annual expenses about $109,633
Cap rate approximately 6.27
Gross rent multiplier approximately 10.76
Unit mix includes 1-bed, 2-bed, and 3-bed types across the property
Electricity and solar
View estimated energy costs and solar savings for this home
The R-2250 zone is intended primarily as a zone for medium density residential development with a minimum of 2,250 square feet of lot area per dwelling unit or approved overlay zone uses, in conformance with the comprehensive general plan of the city. This zone is intended to promote medium size garden type multiple dwelling residential developments which are efficient and attractive in order to promote the health, safety and general welfare. Wireless telecommunication facilities are disfavored from locating in this zone, permitting these facilities only when no feasible alternatives site exists or when a denial would constitute a prohibition on the provision of the affected telecommunications service.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Park & open space
Local insights from Redfin agents
Glendale is an awesome LA suburb! Stunning tree-lined streets, epic hillside views, walkable downtown energy, and super family charm — all at medians around $1M–$1.15M — with buyer momentum building and steady appreciation, it's the ideal place to...
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 97° expected this year, 22 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
11 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
Glendale, CA • 91205
Average low and high temperatures (°F)
71
48
73
50
76
53
74
53
77
57
81
60
82
61
88
65
85
64
81
58
73
51
70
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
83/ 100
Very good sunlight
Sunscore
This home ranks in the top 15% for direct sun exposure in Glendale. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 729 Raleigh St
There isn’t enough information to generate an accurate estimate at this time. Learn More