5940 San Fernando Rd - Apartments FOR SALE


Glendale, CA 91202- Pelanconi
$3,500,000 USD
818-823-8967
5940 San Fernando Rd, Glendale, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

5940 San Fernando Rd
Glendale, CA 91202
Pelanconi


HIGHLIGHTS

  • Unique Multifamily Unit Mix
  • Prime Local Amentities
  • High Income Generating Asset
  • Close Proximity to Large Employers

OVERVIEW

This property offers a rare combination of income-generating potential through a unit mix of 1 retail unit and 8 residential units. The property’s Industrial/Commercial Mixed Use (IMU R) zoning allows for a range of uses, including office, retail, and residential. The property features a total of 5,729 square feet, with a lot area of 4,871 SF and 5 parking spaces. The unit mix consists of 6 one-bedroom, one-bath units, 1 two-bedroom, two-bath and 1 retail unit. Located in the heart of Glendale, California, this property offers convenient access to major thoroughfares, including the Ventura (134) and Golden State (5) highways. The property is close to a variety of local amenities, including the Americana at Brand outdoor shopping and dining complex, the Glendale Galleria shopping mall, the Glendale Civic Center and City Hall, the Glendale Public Library, the Glendale Unified School District, the Metro Gold Line light rail station, DreamWorks Animation, Disney Studios, and Walt Disney Imagineering. Even though there are currently no citywide rent control restrictions, 5940 San Fernando Road is subject to AB-1482. This prime location and versatile zoning makes 5940 San Fernando Road an attractive opportunity for investors seeking to capitalize on the city’s growing demand for housing and commercial space.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$611 USD /SF

# OF UNITS

9

PRICE/UNIT

$388,889

CAP RATE

Request Cap Rate

% 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

1962

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,871 SF

ZONING

IMU R

APN/PARCEL ID

5628-032-010

ASK ABOUT THIS PROPERTY

Edward MatevosianCBRE, Inc.More Info
818-823-8967

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Edward MatevosianCBRE, Inc.More Info
818-823-8967

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