About this home

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.

Facts and features

Schools

• Thomas Jefferson Elementary School

  elementary · K-6 · 0.2 mi

  7

• Eleanor J. Toll Middle School

  middle · 6-8 · 1.2 mi

  7

• Herbert Hoover High School

  high · 9-12 · 1.2 mi

  7

• Montessori Academy

  elementary · K · 0.4 mi

• Study Circle Preschool & Kindergarten

  elementary · PK-K · 0.6 mi

• Scholars Armenian School and Art Center

  elementary · K-9 · 0.6 mi

Price history

• Aug 18, 2026 · Listed$7,000,000
• Dec 11, 2019 · Listing Removed$1,200,000
• Dec 11, 2019 · Listing Removed$1,548,000
• Jun 9, 2017 · Listing Removed$1,548,000
• Apr 23, 2014 · Listing Removed$1,400
• Apr 15, 2014 · Price Changed For Rent$1,400
• Apr 10, 2014 · Price Changed For Rent$1,500
• Apr 8, 2014 · Price Changed For Rent$1,550

Tax history

• 2025$37,245 tax · $3,348,120 assessed
• 2024$36,720 tax · $3,282,472 assessed
• 2023$35,905 tax · $3,155,012 assessed
• 2022$35,301 tax · $3,093,150 assessed
• 2021$34,674 tax · $3,032,501 assessed
• 2020$34,189 tax · $3,001,408 assessed
• 2019$33,378 tax · $2,942,558 assessed
• 2018$32,857 tax · $2,884,862 assessed

Where it is