3720 San Fernando Rd, in Glendale California. Built in 1922, the subject property is a mixed-use building currently zoned GLM1. This is a rare opportunity for an owner user / investor to acquire an income producing property while operating the ground floor space as retail, office, or restaurant. 3720 San Fernando Rd totals 6,736 SF featuring a unit mix that includes ground floor retail/office and 5 apartments + 1 office space located on the 2nd floor. As an investment, the building has significant cash flow potential when the ground floor space is leased at market rent with a projected CAP rate of 4.93%-5.24% when stabilized. This is a prime opportunity for an investor to acquire a well-maintained asset within one of Los Angeles strongest submarkets.The building boasts new electrical throughout the ground floor, high ceilings (1st floor), alley parking and access with 9 dedicated parking spaces, security cameras and two storage units in the back. Investors can take advantage of additional rental upside when the apartment units turnover and are rented at market rates.Located in central Glendale on San Fernando Rd, just north of Glendale Blvd. The subject property is close to entertainment, dining, transit, and amenities. The Americana at Brand with world-class shopping is a short 5-minute drive to the north. Griffith Park is one of the nations largest urban parks and is home to the Griffith Observatory, LA Zoo and much more is only 5 minutes away. This location boasts a high walk score of 82, a very walkable neighborhood.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
