437 West Glenoaks Boulevard

Glendale CA 91202

9486 sq. ft.

Multi-Family

Last sold for $2,800,000

Thomas Freedman, last sold this property on 31 December 2025 after 57 days on market.

Overview

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 vacantideal 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 demandmaking it an excellent addition to any investors portfolio. Current cap rate is 5.06%, with a projected 5.85% cap rate once the vacant unit is leasedan outstanding return for the Glendale market.

Features

7 bedrooms

4 bathrooms

9486 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 7 bedroom multi families sold in Glendale over the last 12 months.

Property history for 437 West Glenoaks Boulevard

2025

Sold

$2,800,000

31 Dec 2025 by Thomas Freedman, of Sunset Lending and Realty

Happy sellers in Glendale

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