$3,275,000
Active
101 Days Online
4 Beds5 Baths6,736 SQFT
Active

3720 San Fernando Road Glendale, CA 91204

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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site101 Days
  • MLS StatusActive
  • MLS ID Number24351527
  • Home Size Source N/A
  • Year Built1922
  • Lot Size0.1169 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Assigned
  • Parking Spaces 8
  • Number of Stories Multi/Split2
  • Acreage 0.1169
  • Zoning GLM1*
  • Listing Conditions Standard

Community Features

  • Senior Community No
  • MLS Area 628 - Glendale-South of 134 Fwy

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Monthly Payment (Est.)

$17,820
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