FOR SALE
$3,275,000

3720 San Fernando Road
Glendale, CA 91204

Business Opportunities
Commercial
6,736
Sq. Ft.
0.12
Acre Lot
Courtesy: Roderick 'Rick' Raymundo - Marcus & Millichap; Email: [email protected]
Agent Websites> California> Glendale> 91204
This meticulously designed two-story building, strategically located on San Fernando Rd., features ground-floor retail space and five apartments with an office unit on the second floor, boasting a total area of 6,736 sq ft on a 5,090 sq ft lot. The retail tenant's recent commitment underscores the property's stability, and its competitive pricing at a 6.25% CAP rate based on current income offers investors a compelling proposition. The potential for increased returns through optimizing rents on the second floor further enhances the attractiveness of this investment. Situated strategically on San Fernando Rd. between S Brand Blvd and Cerritos Ave, the property benefits from prime visibility, with over 24,000 vehicles passing by daily. Its proximity to the 2 and 5 freeways (over 400,000 vehicles per day) adds to its accessibility. The locale's appeal is heightened by significant nearby attractions, including Griffith Observatory, Occidental College, Glendale Galleria, and the Americana. Demographic indicators within a 3-mile radius are robust, with a population of275,502 and an average household income of $107,168. This property stands as a sophisticated investment opportunity, offering a harmonious blend of current stability and future growth potential in a high barrier to entry m
CL24351527
Business Opportunities, Other
Los Angeles
1922
0.12 Acres
Loading...
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

Loading...
Courtesy: Roderick 'Rick' Raymundo - Marcus & Millichap; Email: [email protected]

Bay East ©2022. CCAR ©2022. bridgeMLS ©2022 . Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 4/29/2024.
This content last refreshed on 4/29/2024 1:34 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.