$2,750,000

437 W Glenoaks Blvd Glendale, CA 91202

Verdugo Viejo Neighborhood

Estimated payment $17,145/month

13 Beds
9 Baths
6,580 Sq Ft
$418 Price per Sq Ft

Highlights

  • Primary Bedroom Suite
  • View of Trees or Woods
  • Traditional Architecture
  • Herbert Hoover High School Rated A-
  • Property is near a park
  • Lawn

About This Home

Welcome to Santa Barbara Apartments, an exceptional 9-unit multifamily asset located in the heart of Glendale, CA. Offered for the first time on the market, this well-maintained and recently upgraded property presents a rare opportunity for investors seeking strong in-place income with additional upside potential. The building features (4) two-bedroom units and (5) one-bedroom units, with 8 currently occupied and 1 vacant—ideal for an owner-user or immediate rent growth. Recent improvements include new electric subpanels in every unit, a new main service panel, updated asphalt, fresh exterior paint, upgraded railings, and a new irrigation system, enhancing both performance and curb appeal. Additional amenities include, wall-mounted A/C units, on-site coin-operated laundry, and dedicated parking for 8 of the 9 units. Three apartments have been recently remodeled. Two rent increases are scheduled for December, providing further income growth. Centrally located near major freeways, public transportation, shopping, and dining, this property provides convenience and enduring tenant demand—making it an excellent addition to any investor’s portfolio. Current cap rate is 5.06%, with a projected 5.85% cap rate once the vacant unit is leased—an outstanding return for the Glendale market.

Listing Agent

Thomas Freedman Dell'Aria

Sunset Lending and Realty Brokerage Phone: 424-204-3271 License #02193913 Listed on: 11/03/2025

Co-Listing Agent

George Ouzounian

The Agency Brokerage Phone: 424-204-3271 License #01948763

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 9,486 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Lawn

Parking

  • 8 Car Garage
  • Carport
  • On-Street Parking

Property Views

  • Woods
  • Mountain
  • Hills
  • Valley
  • Neighborhood

Home Design

  • Traditional Architecture
  • Apartment
  • Turnkey

Interior Spaces

  • 6,580 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Living Room
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 13 Bedrooms
  • Primary Bedroom Suite
  • 9 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 5451
  • Assessor Parcel Number 5636004024
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Recreation

  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters
  • Electric Expense $4,100
  • Fuel Expense $2,794
  • Gardener Expense $1,250
  • Insurance Expense $5,500
  • Trash Expense $3,279
  • Water Sewer Expense $4,100
  • New Taxes Expense $34,375
  • Operating Expense $55,398
  • Gross Income $194,563
  • Net Operating Income $139,165

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1962 | Remodeled

Lot Details

0

Parking

8

Listing Details

  • CapRate: 5.06
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Resident Manager, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 4100.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1250.00
  • Parcel Number: 5636004024
  • Year Built: 1962
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Levels: Two
  • Price Per Square Foot: 417.93
  • Room Type: Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Primary Suite
  • Window Features: Blinds

Exterior Features

  • View: Hills, Mountain(s), Neighborhood, Trees/Woods, Valley
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking Features: Carport, Street
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3279.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Hiking, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Park Nearby
  • Lot Size Sq Ft: 9486.00
  • Lot Size Acres: 0.2178

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 4100.00
  • Fuel Expense: 2794.00
  • Gross Income: 194563.00
  • Gross Multiplier: 14.14
  • Gross Scheduled Income: 194563.00
  • Insurance Expense: 5500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 9486.0000 Square Feet
  • Net Operating Income: 139165.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Leased: 8
  • Number Of Units Total: 9
  • Operating Expense: 55398.00
  • Rent Control: No
  • Total Actual Rent: 15248.20
  • Total Expenses: 55398.00

Tax Info

  • New Taxes Expense: 34375.00
  • Tax Lot: 7
  • Tax Tract Number: 5451

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2025 11/03/25 For Sale $2,750,000 -- $418 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25249639

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Glendale 91202 Verdugo Viejo

437 W Glenoaks Blvd, Glendale, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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Thomas Freedman Dell'Aria
Listing Agent
Thomas Freedman Dell'Aria
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Sunset Lending and Realty
(747) 529-7914