$2,395,000

Estimated payment $14,263/month

Total Views 772
10 Beds
9 Baths
6,326 Sq Ft
$379 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Central Air
  • Horace Mann Elementary School Rated A-

About This Home

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.

Listing Agent

Ray Honanian

Silver Spoon Properties Brokerage Email: ray@silverspooninvestments.com License #01372779 Listed on: 04/06/2026

Co-Listing Agent

Tade KESHISHYAN

Silver Spoon Properties Brokerage Email: ray@silverspooninvestments.com License #02190628

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 7,502 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 6,326 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Utilities

  • Central Air
  • Private Water Source

Listing and Financial Details

  • Legal Lot and Block 5 / 1
  • Assessor Parcel Number 5641016005
  • $783 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $9,756
  • Professional Management Expense $7,200
  • Trash Expense $3,696
  • Water Sewer Expense $5,712
  • New Taxes Expense $29,938
  • Operating Expense $22,614
  • Gross Income $160,860
  • Net Operating Income $103,358

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

7,502 Sq Ft Lot

Listing Details

  • CapRate: 4.30
  • Professional Management Expense: 7200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5712.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5641016005
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 378.60

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3696.00
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7502.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Gross Income: 160860.00
  • Gross Multiplier: 14.89
  • Gross Scheduled Income: 160860.00
  • Insurance Expense: 9756.00
  • Lot Size Area: 7502.0000 Square Feet
  • Net Operating Income: 103358.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 57502.00
  • Rent Control: Yes
  • Total Actual Rent: 18200.00
  • Total Expenses: 22614.00

Tax Info

  • New Taxes Expense: 29938.00
  • Tax Block: 1
  • Tax Lot: 5
  • Tax Tract Number: 0000
  • TaxOtherAnnualAssessmentAmount: 783.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,840 $1,765,232 $784,547 $980,685
2024 $19,840 $1,730,620 $769,164 $961,456
2023 $19,403 $1,696,687 $754,083 $942,604
2022 $19,076 $1,663,420 $739,298 $924,122
2021 $18,736 $1,630,804 $724,802 $906,002
2019 $18,038 $1,582,436 $703,305 $879,131
2018 $17,697 $1,551,409 $689,515 $861,894
2016 $16,827 $1,491,169 $662,742 $828,427
2015 $16,492 $1,468,771 $652,787 $815,984
2014 $13,732 $1,195,401 $569,272 $626,129
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2026 04/06/26 For Sale $2,395,000 -- $379 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD26073600

California Regional Multiple Listing Service (CRMLS)
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