3720 San Fernando Rd, Glendale, CA 91204
- $3,275,000
- 4
- BD
- 5
- BA
- 6,736
- SqFt
- List Price
- $3,275,000
- MLS#
- 24-351527
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 4
- Bathrooms
- 5
- Living Area
- 6,736
Property Description
This meticulously designed two-story building, strategically located on San Fernando Rd., features ground-floor retail space and five apartments with an office unit on the second floor, boasting a total area of 6,736 sq ft on a 5,090 sq ft lot. The retail tenant's recent commitment underscores the property's stability, and its competitive pricing at a 6.25% CAP rate based on current income offers investors a compelling proposition. The potential for increased returns through optimizing rents on the second floor further enhances the attractiveness of this investment. Situated strategically on San Fernando Rd. between S Brand Blvd and Cerritos Ave, the property benefits from prime visibility, with over 24,000 vehicles passing by daily. Its proximity to the 2 and 5 freeways (over 400,000 vehicles per day) adds to its accessibility. The locale's appeal is heightened by significant nearby attractions, including Griffith Observatory, Occidental College, Glendale Galleria, and the Americana. Demographic indicators within a 3-mile radius are robust, with a population of275,502 and an average household income of $107,168. This property stands as a sophisticated investment opportunity, offering a harmonious blend of current stability and future growth potential in a high barrier to entry market such as Glendale.
Additional Information
- Year Built
- 1922
- Garage
- Assigned
Mortgage Calculator
Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo.
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