437 W Glenoaks Boulevard, Glendale, CA 91202
Local realty services provided by:CENTURY 21 Affiliated
437 W Glenoaks Boulevard,Glendale, CA 91202
$2,750,000
- 7 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: thomas freedman, george ouzounian
Office: sunset lending and realty
MLS#:SR25249639
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,750,000
About this home
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 vacantideal 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 demandmaking it an excellent addition to any investors portfolio. Current cap rate is 5.06%, with a projected 5.85% cap rate once the vacant unit is leasedan outstanding return for the Glendale market.
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Home facts
- Listing ID #:SR25249639
- Added:39 day(s) ago
- Updated:December 13, 2025 at 03:14 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
Heating and cooling
- Cooling:Wall/Window
Finances and disclosures
- Price:$2,750,000
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