300 E Garfield Ave - Apartments FOR SALE


Glendale, CA 91205- Mariposa
$2,395,000 USD
818-400-2908
300 E Garfield Ave, Glendale, CA for Sale
$2,395,000 USD
Apartments - FOR SALE
1/11
null | 4.5% Cap Rate

300 E Garfield Ave
Glendale, CA 91205
Mariposa


HIGHLIGHTS

  • Huge upside potential to increase rents
  • Next rent increase 06/01/2026
  • New Roof / Copper Plumbing

OVERVIEW

Exceptional investment opportunity in the heart of Glendale! This well-maintained 8-unit multifamily property offers an impressive unit mix consisting of one 3-bedroom/2-bath unit with a private 1-car garage, one 2-bedroom/1-bath unit, five 1-bedroom/1-bath units, and one studio unit with an attached garage. The property has had no vacancies for many years, reflecting its strong rental stability and desirable location. Recent capital improvements include a brand-new roof, new gutters, and copper plumbing throughout—minimizing maintenance needs and maximizing long-term value. Five tenants currently participate in the Section 8 program, providing consistent income and excellent tenant retention. Next rent increases take effect on June 1, 2026, presenting an immediate upside for investors. With very low operating expenses and a solid rental history, this property is a turn-key addition to any multifamily portfolio. Conveniently located near shops, restaurants, and major freeways, 300 E Garfield Ave offers lasting appeal in one of Glendale’s most in-demand rental markets

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

8

PRICE/UNIT

$299,375

CAP RATE

4.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,292 SF

ZONING

R4

APN/PARCEL ID

5641-016-005

ASK ABOUT THIS PROPERTY

Ray HonanianSilver Spoon Properties & LendingMore Info
818-400-2908

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Ray HonanianSilver Spoon Properties & LendingMore Info
818-400-2908

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.