3720 San Fernando Road
3720 San Fernando Road
$3,275,000
4
5
6,736
6,736
$486
Description
This meticulously designed two-story building, strategically located on San Fernando Rd., 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...This meticulously designed two-story building, strategically located on San Fernando Rd., 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 Rd. between S Brand Blvd 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 of275,502 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.
- Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 3720 San Fernando Road
Zoning
GLM1*
Parcel Number5640034015
Total Units7.0
Living Area6736
Source Living AreaVendor Enhanced
AreaGlendale-South of 134 Fwy (628)
Vacancy Rate1
Lot Size Area5090
Location
LISTING UPDATED: 02/01/2024 12:01 AM
Property Details for 3720 San Fernando Road
Status | Active |
---|---|
MLS # | 24-351527 |
Days on Market | 97 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.12 AC / 5,090 SF |
County | Los Angeles County |
Location
Building Information for 3720 San Fernando Road
Stories2Residences-Year Built1922Building Size-Lot Size0.12 AC / 5,090 SF
Payment Calculator
$20,722 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3720 San Fernando Road
Property History for 3720 San Fernando Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3720 San Fernando Road
Taxable ValueLand$2,275,656Additions$824,923Total$3,100,579
Tax Record2023$34,193 ($2,849 / month)
Home Facts
Total Finished SqFt6,736 SqFtAbove Grade Finished SqFt6,736 SqFtStories1Lot Size5,090 SqFtStyleOffice BuildingYear Built1922ZoningGLM1*CountyLOS ANGELESAPN5640-034-015
Schools near 3720 San Fernando Road
This home is within Glendale Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Cerritos Elementary School PublicK to 6 | ||
Theodore Roosevelt Middle School Public6 to 8 | ||
Glendale High School Public9 to 12 | ||
Thomas Edison Elementary School PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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