CA > Glendale
Glendale, CA 91202,437 W Glenoaks BLVD
Glendale, CA 91202,437 W Glenoaks BLVD
Glendale, CA 91202,437 W Glenoaks BLVD
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$2,750,000
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9,487 Sqft Lot
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437 W Glenoaks BLVD Glendale, CA 91202

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

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

CRMLS – RECore
Listed by Thomas Freedman Sunset Lending and Realty 424-204-3271

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Patrick Fossati

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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