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

February 16, 2024

Updated

Map

3720 San Fernando Road
Glendale CA, 91204

Interior Features

Total Stories

2


Bedrooms

4 Beds


Bathrooms

5 Baths


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 2/16/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:21 AM UTC

 

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