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    3720 San Fernando Rd

    Glendale, CA 91204
    • $3,650,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: 21-779732
    UPDATED: 58 min ago
    $3,650,000
    • 3
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,736
      SQFT
    • $542
      $/SQFT
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    3720 San Fernando Rd, in Glendale California. Built in 1922, the subject property is a mixed-use building currently zoned GLM1. This is a rare opportunity for an owner user / investor to acquire an income producing property while operating the ground floor space as retail, office, or restaurant. 3720 San Fernando Rd totals 6,736 SF featuring a unit mix that includes ground floor retail/office and 5 apartments + 1 office space located on the 2nd floor. As an investment, the building has significant cash flow potential when the ground floor space is leased at market rent with a projected CAP rate of 4.93%-5.24% when stabilized. This is a prime opportunity for an investor to acquire a well-maintained asset within one of Los Angeles strongest submarkets.The building boasts new electrical throughout the ground floor, high ceilings (1st floor), alley parking and access with 9 dedicated parking spaces, security cameras and two storage units in the back. Investors can take advantage of additional rental upside when the apartment units turnover and are rented at market rates.Located in central Glendale on San Fernando Rd, just north of Glendale Blvd. The subject property is close to entertainment, dining, transit, and amenities. The Americana at Brand with world-class shopping is a short 5-minute drive to the north. Griffith Park is one of the nations largest urban parks and is home to the Griffith Observatory, LA Zoo and much more is only 5 minutes away. This location boasts a high walk score of 82, a very walkable neighborhood.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-23T07:42:26.953. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/121066837
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    3720 San Fernando Rd Glendale, CA 91204

    • Price: $3,650,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: 21-779732
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    6,736
    SQFT
    $542
    $/SQFT
    1922
    Built
    Neighborhood:
    Glendale-South Of 134 Fwy
    County:
    Los Angeles
    Area:
    Glendale-South Of 134 Fwy
    Property Description
    3720 San Fernando Rd, in Glendale California. Built in 1922, the subject property is a mixed-use building currently zoned GLM1. This is a rare opportunity for an owner user / investor to acquire an income producing property while operating the ground floor space as retail, office, or restaurant. 3720 San Fernando Rd totals 6,736 SF featuring a unit mix that includes ground floor retail/office and 5 apartments + 1 office space located on the 2nd floor. As an investment, the building has significant cash flow potential when the ground floor space is leased at market rent with a projected CAP rate of 4.93%-5.24% when stabilized. This is a prime opportunity for an investor to acquire a well-maintained asset within one of Los Angeles strongest submarkets.The building boasts new electrical throughout the ground floor, high ceilings (1st floor), alley parking and access with 9 dedicated parking spaces, security cameras and two storage units in the back. Investors can take advantage of additional rental upside when the apartment units turnover and are rented at market rates.Located in central Glendale on San Fernando Rd, just north of Glendale Blvd. The subject property is close to entertainment, dining, transit, and amenities. The Americana at Brand with world-class shopping is a short 5-minute drive to the north. Griffith Park is one of the nations largest urban parks and is home to the Griffith Observatory, LA Zoo and much more is only 5 minutes away. This location boasts a high walk score of 82, a very walkable neighborhood.
    Exterior Features

    Lot Size Area 5114 Other Structures None Parking Garage UncoveredOther Total Parking 9

    Interior Features

    Baths Total 5.00 Cooking Appliances Gas/Electric Range Cooling Air Conditioning Equipment Range/OvenRefrigerator Heating Natural Gas Laundry None

    Property Features

    Assessed Total Value 2949626 Gross Income 257796 Gross Operating Income 244906 Like Units1 1 Like Units2 1 Like Units3 2 Like Units4 2 Like Units5 1 Net Operating Income 179822.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 65084 Type Of Units Mixed-Use Year Built Source Vendor Enhanced Zoning Glm1*

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-23T07:42:26.953. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583