3720 & 3722 San Fernando Rd, Glendale, CA 91204
3720 & 3722 San Fernando Rd
Price:
Price / SF:
Year Built:
APN:
$3,275,000
$486
1922
5640-034-015
Building Area:
Land Area:
Zoning:
Status:
6,736 SF
5,090 SF
GLM1
Active
-
Rare Opportunity in Glendale, CA: Two-story Mixed-Use Building on San Fernando Rd.
-
Ground Floor: Retail Space; Second Floor: 5 Apartments + Office Unit; Total Area: 6,736 Sq Ft on a 5,090 Sq Ft Lot.
-
Retail Tenant’s Recent Commitment Signals Property Stability.
-
Charming Vintage Shell, but With Upgraded Major Systems, Including New Electric Meters and Wiring, Central Air/Heat for the Commercial Tenant, Upgraded Plumbing, and an Upgraded Roof.
-
Competitive Pricing: 6.25% CAP Rate Based on Current Income, Compelling for Investors.
-
Potential for Increased Returns by Optimizing Rents on the Second Floor.
-
Strategic Location on San Fernando Road Between South Brand Boulevard and Cerritos Ave.
-
High Visibility: 24,000 + Vehicles Daily; Proximity to 2 and 5 Freeways (400,000+ VPD) Enhances Accessibility.
-
Nearby Attractions: Griffith Observatory, Occidental College, Glendale Galleria, Americana.
-
Strong Demographics: 3-Mile Radius, 275,502 Population, $107,168 Average Household Income.
-
Sophisticated Investment Opportunity With a Blend of Stability and Future Growth Potential in a High-Barrier Market like Glendale.
The Ovaness-Rostamian Group and the Raymundo Group of Marcus & Millichap is pleased to present a rare opportunity to acquire an exceptional investment opportunity in Glendale, California. This meticulously designed two-story mixeduse building, strategically located on San Fernando Road, 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 Road between South Brand Boulevard 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 of 275,502 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