Active
3720 San Fernando Road
Glendale CA, 91204
$3,275,000
$486.19 per sqft
Active
4 Beds
5 Baths
6,736 sqft
Residential
Built in 1922
Listed by Roderick 'Rick' Raymundo with Marcus & Millichap 818-212-2700
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.
24351527
MLSⓇ ID
January 24, 2024
Listed
March 28, 2024
Updated
Map
3720 San Fernando Road
Glendale CA, 91204
Interior Features
Total Stories
2
Bedrooms
4
Total Bathrooms
5
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.12 Acres
Other Property Details
Area Name
628 - Glendale-South of 134 Fwy
Days on Market
8
Garage
No
Parking
Assigned
Parking Total
8
View
No
County
Los Angeles
Pool
No
Zoning
GLM1*
Buyer Agency Compensation
2%
Listing Contact: 818-212-2700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/28/2024 at 3:17 PM UTC