3720 San Fernando Rd, Glendale, CA 91204
FOR SALE

3720 San Fernando Rd
Glendale, CA 91204

Tropico
  • 4 Beds
  • 5 Baths
  • 6,736 sqft
  • 4 Beds
  • 5 Baths
  • 6,736 sqft

$3,275,000

Original price: $3,895,000
Est. Mortgage $20,831/mo*
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Local Information

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Description

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 market such as Glendale.
Property Website

Home Highlights

Parking
8 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$486
Listed
92 days ago

Home Details for 3720 San Fernando Rd

Interior Features

Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 5
Dimensions and Layout
Living Area: 6736 Square Feet
Heating & Cooling
Heating: OtherHas CoolingAir Conditioning: OtherHas HeatingHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 2Levels: Multi/Split

Exterior Features

Exterior Home Features
Other Structures: Other
Parking & Garage
No CarportNo GarageNo Attached GarageParking Spaces: 8Parking: Assigned

Days on Market

Days on Market: 92

Property Information

Year Built
Year Built: 1922
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family

Price & Status

Price
List Price: $3,275,000Price Per Sqft: $486

Active Status

MLS Status: Active

Location

Direction & Address
City: Glendale

Agent Information

Listing Agent
Listing ID: 24-351527

Building

Building Area
Building Area: 6736 Square Feet

Lot Information

Lot Area: 5092.164 sqft

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 2Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: 24-351527Listing Url
Last check for updates: 1 day ago
Listing courtesy of Roderick 'Rick' Raymundo DRE # 01357019, (818) 219-6146
Marcus & Millichap, (818) 212-2700
Source: CLAW, MLS#24-351527

Price History for 3720 San Fernando Rd

DatePriceEventSource
01/25/2024$3,275,000PriceChange
CLAW #24-351527
08/22/2022$3,895,000Listed For SaleCLAW #22-190849
11/12/2021ListingRemovedCLAW
09/02/2021$3,650,000Listed For SaleCLAW #21779732
11/30/2020$3,800,000ListingRemovedAgent Provided
09/08/2020$3,800,000Listed For SaleAgent Provided
03/25/2016$2,725,000Sold
N/A
03/19/2015$1,990,000Sold
N/A
08/03/2006$1,183,000Sold
N/A
03/01/2005$700,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$34,193
Assessment$3,100,579
Home facts updated by county records

Comparable Sales for 3720 San Fernando Rd

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Sold Date
Bed
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Sqft
1905 Vassar St, Glendale, CA
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2,788
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2,840
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2,219
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10
5
3,971

Neighborhood Overview

Tropico
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Tropico

  • Trulia User
    "A lot of noise around, there is a train nearby, it makes very loud noise every hour EVERY DAY. Also the trash car come every day behind the building at 7:00am and make horrible sounds, the windows can’t help. There is a body shop behind the building too, sometimes they are VERY loud. The area is nice, but too loud "
    2
    Flag
  • Zendejasadri711
    "We need more family oriented people here. The neighbors are not too friendly. I don’t like that. "
    0
    Flag
  • Roy A.
    "I work from home, but I always have an easy time getting in and out if I need to. I do have a car, so I don’t know too much about public transportation. But I love the area because it’s close to all the major freeways that I need to get anywhere in Los Angeles."
    0
    Flag
  • Perry B.
    "I walk to the Metrolink station and work downtown. The ride from Glendale station to downtown Union Station is only 10 minutes. You can also access the metro Goldline rail by driving 15 minutes to the Avenue 26 station. Great options."
    0
    Flag
  • Gabe W.
    "There's the Amtrak and this part of Glendale is close to the freeway. You can get on i5 in a couple of minutes. There are bus stations. No Train station for Metro."
    1
    Flag

LGBTQ Local Legal Protections

Roderick 'Rick' Raymundo, Marcus & Millichap
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
3720 San Fernando Rd, Glendale, CA 91204 is a 4 bedroom, 5 bathroom, 6,736 sqft multi-family built in 1922. 3720 San Fernando Rd is located in Tropico, Glendale. This property is currently available for sale and was listed by CLAW on Jan 25, 2024. The MLS # for this home is MLS# 24-351527.