CA > Glendale
Glendale, CA 91202,437 W Glenoaks Boulevard
Glendale, CA 91202,437 W Glenoaks Boulevard
Glendale, CA 91202,437 W Glenoaks Boulevard
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$2,750,000
Est. payment /mo
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7 Beds
9,486 Sqft Lot
Active

437 W Glenoaks Boulevard Glendale, CA 91202

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Patty Doyle

Patty Doyle

+1(619) 886-0321

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25249639

Bedrooms 7

Lot Size 9,486 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Welcome to Santa Barbara Apartments, an exceptional 9-unit multifamily asset located in the heart of Glendale, CA. Offered for the first time on the market, this well-maintained and recently upgraded property presents a rare opportunity for investors seeking strong in-place income with additional upside potential. The building features (4) two-bedroom units and (5) one-bedroom units, with 8 currently occupied and 1 vacantideal for an owner-user or immediate rent growth. Recent improvements include new electric subpanels in every unit, a new main service panel, updated asphalt, fresh exterior paint, upgraded railings, and a new irrigation system, enhancing both performance and curb appeal. Additional amenities include, wall-mounted A/C units, on-site coin-operated laundry, and dedicated parking for 8 of the 9 units. Three apartments have been recently remodeled. Two rent increases are scheduled for December, providing further income growth. Centrally located near major freeways, public transportation, shopping, and dining, this property provides convenience and enduring tenant demandmaking it an excellent addition to any investors portfolio. Current cap rate is 5.06%, with a projected 5.85% cap rate once the vacant unit is leasedan outstanding return for the Glendale market.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Brand Blvd at W Glenoaks Blvd

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5636004024

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

MLS Router / San Diego MLS
Listed by Thomas Freedman Sunset Lending and Realty

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Patty Doyle

Patty Doyle

Agent | License ID: 01507441

+1(619) 886-0321

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437 W Glenoaks Boulevard

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