Active Under Contract

650 W Wilson

Glendale, CA 91203
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Bed 14

Bed

Bath 8

Bath

SqFt8,764

Sqft(Lot)

650 W Wilson Ave is an exceptionally rare 8-unit generational asset, offered for the first time ever in one of Glendale's most desirable rental pockets just steps from The Americana at Brand. What truly separates this opportunity is its immediate development potential. Both rear 1- bedroom units, that make up the back structure, will be delivered vacant, allowing a buyer to begin construction immediately after closing without the cost, delays, or uncertainty of tenant relocation. A contractor bid has already been completed to combine the two vacant units into a spacious 3 Bed / 3 Bath residence while adding an additional 3 Bed / 3 Bath ADU in the existing parking area. Buyers have the flexibility to either create two large 3 Bed / 3 Bath units or simply keep the existin g 1-bedroom units and add a 9th unit, allowing them to tailor the project to their investment strategy while significantly increasing rental income. Unlike most value-add opportunities that require years of turnover, this project can begin on day one. Buyers also have the flexibility to complete only the ADU, only the conversion, or both projects depending on their investment strategy. Our team can also assist with project management using the same contractor who prepared the bid, creating a streamlined path from acquisition to completion. Beyond the development upside, the property offers strong in-place cash flow with a 5.80% current cap rate and a 7.26% pro forma, both calculated using real operating expenses and a 4% management fee. The six existing 2-bedroom units have seen numerous interior upgrades including cabinetry, countertops, flooring, and updated electrical panel breakers, minimizing future capital expenditures while providing additional rental upside. Combining an irreplaceable Glendale location, immediate income, and one of the easiest value-add opportunities currently available, 650 W Wilson represents a rare chance to acquire a true legacy asset with multiple paths to increasing long-term value.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,299,000

AD Id : 83741253

MLS Id : BB26104554

Beds : 14

Lot Size : 8,764 Sq. Ft

Year Built : 1956

Garage : 4

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1956
    Building Area Total: 5852
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: CityLights, Neighborhood

  • Lot Information

    Main Square Feet: 8764 Lot Size Acres: 0.2012 Lot Size Source: Assessor Lot Size Square Feet: 8,764 Lot Description: Landscaped

  • Listing Price Information

    Listing Price: $2299000
    Original Price: $2399000
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  • Tax Information

    Parcel Number: 5638003053 Tax Lot: 26

  • Parking Information

    Parking Total: 4

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: Conveniently located just off the 134 & 2 Freeways, 650 W Wilson Ave offers investors a prime Glendale location with strong long term rental demand near Downtown Glendale, The Americana at Brand, and major employment hubs. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
529 W Wilson Avenue, Glendale, CA, 91203 $1,485,000 3 2 1,488 6,201 Sq. Ft
515 Chester Street, Glendale, CA, 91203 $3,050,000 -- -- 5,404 7,492 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/18/2026 @ 05:47

MLS: BB26104554 LISTED BY: Lauren Cearley, Myunits.com Inc. 844-698-6487 SOURCE: CRMLS

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