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3720-3722 San Fernando Rd
Glendale, CA 91204
Multifamily Property For Sale
·
7 Units
Investment Highlights
- A mixed-use building zoned GLM1 that was built in 1922. Located in central Glendale on San Fernando Rd, North of Glendale Blvd
- Low utilities as tenants are responsible for waste removal with individual trash bins; the building is also separately metered for gas and electricity
- High ceilings (1st floor), alley parking and access with nine dedicated parking spaces dedicated parking spaces, security cameras and storage
- 6,736 SF featuring a unit mix that includes ground floor retail/office and 5 apartments + 1 office space located on the 2nd floor
- An opportunity to acquire a well-located, low-maintenance asset with strong in-place cash flow at a 5.05% CAP rate on 2023 income at the asking price
- The retail tenant occupies 3,500 SF on a three-year lease that commenced January 1, 2022. In year one, the retail tenant’s rent is $10,000 gross. In y
Property Facts
| No. Units | 7 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 6,736 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1922/2016 |
| Building Class | C | Parking Ratio | 1.14/1,000 SF |
| Zoning | GLM1 | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,736 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1922/2016 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | GLM1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
| Studios | 2 | - | - |
Property Taxes
| Parcel Number | 5640-034-015 | Improvements Assessment | $858,249 |
| Land Assessment | $2,367,592 | Total Assessment | $3,225,841 |
Property Taxes
Parcel Number
5640-034-015
Land Assessment
$2,367,592
Improvements Assessment
$858,249
Total Assessment
$3,225,841
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