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$3,275,000
4 bed
6,736 Sqft
5,090 Sqft lot

3720 San Fernando Road, Glendale, California 91204

  • Residential Income Property Type
  • 140 Days Time on market
  • $486 Price per sqft
  • 1922 Year Built
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.

Basic Details
Residential Income
Buy
24351527
$3,275,000
4
6,736 Sqft
1922
5,090 Sqft
Active
Condos/Co-ops
Features
8
$0
Address
CA
Los Angeles
Glendale
91204
3720 San Fernando Road
3720
Road
0
W119° 44' 39.5''
N34° 7' 29.7''
Additional Information
140
1
$0
$0
$0
$0
$0
$0
$0
25/01/2024 10:02:23
$0
Destrahan
Harry Hurst
Marcus & Millichap
Roderick 'Rick' Raymundo
$0
6.25
1
628 - Glendale-South of 134 Fwy
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