3720-3722 SAN FERNANDO RD., GLENDALE, CA 91204
Apollo Investment Group and Alexanian Apartment Advisors of Keller Williams Realty World Media Center are pleased to present an excellent mixed-use opportunity located on a major artery, San Fernando Rd., in Glendale, California. The two-story subject property consists of retail/office space on the ground floor and five apartment units on the second floor, along with an office unit. This unique stabilized asset is an exceptional investment prospect with a cap rate of 6.64%. The property features eight on-site tandem parking spaces at the rear of the building. The subject property has a combined building size of 6,736 square feet on a lot size of 5,090 square feet.
The property is located on San Fernando Rd., mid-block between Cerritos Ave and S. Brand Blvd in the coveted Tropico neighborhood of Glendale, CA. Just north of Atwater Village, the property is within 2 miles from access to the Golden State 5 FWY, and just a short distance to the 2 and 134 fwys. It is within close proximity to major amenities, such as The Americana on Brand, The Glendale Galleria, Brand Boulevard of Cars, Costco on Los Feliz Blvd., as well as to many of large studios, including The Walt-Disney Studios, DreamWorks. The versatile nature of the property, high barriers to entry at this product type, and desirable destination, provide an ideal opportunity for a new buyer.
PROPERTY HIGHLIGHTS
Investment Opportunity
High Barrier to Entry Glendale Market
Proximity to the 5, 2, and 134 Freeways
Well Located in Prime Retail Corridor
Traffic Count: 32,410 VPD
On Site Parking Available (8 Tandem)
Strong Cap Rate and Cash-on-Cash Return
PROPERTY INFORMATION
List Price: $3,400,000
Building SF: 6,736 SF
Land SF: 5,090 SF
APN: 5640-034-015
Tenancy: Multi-Tenant
Zoning: GLM1
Year Built / Age: 1922 / 101
Parking: 8 Tandem
Parking Ratio: 1.19 / 1,000 SF
FAR: 1.32