437 W Glenoaks Boulevard, Glendale, CA 91202

• 6,580 sqft

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.

Listing Status:

Pending

Date Added:

November 3, 2025 at 06:00AM

Listing Office:

Sunset Lending and Realty : 877-448-5402

Listing Agent:

Thomas Freedman : 424-204-3271

MLS ID:

CRSR25249639

Interior

• Laundry: Common Area
• Flooring: LaminateCarpet
• A/C: Wall/Window Unit(s)
• Heating: Wall Furnace

Exterior

• Parking: OtherOn Street

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: 5636004024
• View: HillsMountain(s)ValleyTrees/WoodsOther

Financial

• Source: CRMLS

This listing courtesy of Thomas Freedman, Sunset Lending and Realty