Property Details
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 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.
MLS Listing Information
MLS #
CRSR25249639
MLS Source
California Regional MLS
Days on Site
1
Interior Features
Flooring
Laminate
Laundry
Community Facility
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Style
Traditional
Parking, School, and Other Information
Garage/Parking
Carport, Off-Street Parking, Garage: 8 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Thomas Freedman
Sunset Lending and Realty
License #: 02193913
Phone: –
Co-Listing Agent
George Ouzounian
License #: 01948763
Phone: (818) 900-4259
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 8 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
437 W Glenoaks Bld is a Residential Income in Glendale, CA 91202. This – square foot property sits on a 9,486 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,750,000 and was built in 1962. This address can also be written as 437 W Glenoaks Bld, Glendale, CA 91202.
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This listing information is up-to-date as of November 03, 2025. For the most current information, please contact Thomas Freedman
