SoldDec 31, 2025

Listed by Thomas Freedman and George Ouzounian from Sunset Lending and Realty

, 

Bought with Daniel Shakaryan from Coldwell Banker Hallmark

Source: San Diego MLS #SR25249639

437 West Glenoaks Boulevard, Glendale, CA, 91202

$2,800,000

7
4
9486 sq. ft.

MultiFam

•

30+ days on the market

Sold: Dec 31, 2025

What's around 437 West Glenoaks Boulevard

About this property

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.

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