3720-3722 San Fernando Rd | Glendale, CA 91204
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- LoopNet Team
3720-3722 San Fernando Rd
Glendale, CA 91204
Rare Mixed-Use Investment Glendale CA · Multifamily Property For Sale · 6 Units
INVESTMENT HIGHLIGHTS
- Rare Opportunity in Glendale, CA: Two-story Mixed-Use Building on San Fernando Rd.
- Retail Tenant’s Recent Commitment Signals Property Stability.
- Competitive Pricing: 6.25% CAP Rate Based on Current Income, Compelling for Investors.
- Ground Floor: Retail Space; Second Floor: 5 Apartments + Office Unit; Total Area: 6,736 Sq Ft on a 5,090 Sq Ft Lot.
- Charming Vintage Shell, but With Upgraded Major Systems, Including New Electric Meters and Wiring, Central Air/Heat for the Commercial Tenant
- Potential for Increased Returns by Optimizing Rents on the Second Floor.
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 418 |
| 1+1 | 2 | - | 600 |
| 2+1 | 2 | - | 1,200 |
PROPERTY TAXES
| Parcel Number | 5640-034-015 | Improvements Assessment | $841,421 |
| Land Assessment | $2,321,169 | Total Assessment | $3,162,590 |
PROPERTY TAXES
Parcel Number
5640-034-015
Land Assessment
$2,321,169
Improvements Assessment
$841,421
Total Assessment
$3,162,590
ZONING
| Zoning Code | GLM1 |
| GLM1 |
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