437 W Glenoaks Boulevard, Glendale, CA 91202
- $2,800,000
- Sold Price
- $2,800,000
- List Price
- $2,750,000
- Closing Date
- Dec 31, 2025
- Status
- CLOSED
- MLS#
- SR25249639
- Year Built
- 1962
- Lot Size
- 9,486
- Acres
- 0.22
- Lot Location
- Lawn, Landscaped, Near Park
- Days on Market
- 30
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Apartment
- Stories
- Two Levels
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.
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Hills, Mountain(s), Neighborhood, Valley, Trees/Woods
- Garage Spaces Total
- 8
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Unfurnished, Primary Suite
- Attached Structure
- Attached
- Number Of Units Total
- 9
- Gross Scheduled Income
- $194,563
- Operating Expense
- 55398
- Garage Spaces
- 8
- Levels
- Two
- Parking Spaces
- 8
Listing courtesy of Listing Agent: Thomas Freedman (Thomas@SunsetLendingRealty.com) from Listing Office: Sunset Lending and Realty.
Listing sold by Daniel Shakaryan from Coldwell Banker Hallmark
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.