437 W Glenoaks BLVD new Save Request In-Person Tour Request Virtual Tour
Glendale,CA 91202
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25249639
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1962
Lot Size 9,487 Sqft
Property Sub-Type Apartment
Property Description
Welcome to Santa Barbara Apartments, an exceptional 9-unit multifamily asset located in the heart of Glendale, CA. Offered for the first time on the market, this well-maintained and recently upgraded property presents a rare opportunity for investors seeking strong in-place income with additional upside potential. The building features (4) two-bedroom units and (5) one-bedroom units, with 8 currently occupied and 1 vacant—ideal for an owner-user or immediate rent growth. Recent improvements include new electric subpanels in every unit, a new main service panel, updated asphalt, fresh exterior paint, upgraded railings, and a new irrigation system, enhancing both performance and curb appeal. Additional amenities include, wall-mounted A/C units, on-site coin-operated laundry, and dedicated parking for 8 of the 9 units. Three apartments have been recently remodeled. Two rent increases are scheduled for December, providing further income growth. Centrally located near major freeways, public transportation, shopping, and dining, this property provides convenience and enduring tenant demand—making it an excellent addition to any investor's portfolio. Current cap rate is 5.06%, with a projected 5.85% cap rate once the vacant unit is leased—an outstanding return for the Glendale market.
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Interior
Interior Features Ceiling Fan(s),Unfurnished,Primary Suite
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet,Laminate
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Carport,On Street
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Biking,Hiking,Street Lights,Sidewalks,Park
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
View Y/N Yes
View Hills,Mountain(s),Neighborhood,Valley,Trees/Woods
Accessibility None
Total Parking Spaces 8
Private Pool No
Building
Lot Description Lawn,Landscaped,Near Park
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 5636004024
Security Features Carbon Monoxide Detector(s),Resident Manager,Smoke Detector(s)
Energy Description 2794.0
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Trust