This meticulously designed two-story building, strategically located on San Fernando Rd., features ground-floor retail space and five apartments with an office unit on the second floor, boasting a total area of 6,736 sq ft on a 5,090 sq ft lot. The retail tenant's recent commitment underscores the property's stability, and its competitive pricing at a 6.25% CAP rate based on current income offers investors a compelling proposition. The potential for increased returns through optimizing rents on the second floor further enhances the attractiveness of this investment. Situated strategically on San Fernando Rd. between S Brand Blvd and Cerritos Ave, the property benefits from prime visibility, with over 24,000 vehicles passing by daily. Its proximity to the 2 and 5 freeways (over 400,000 vehicles per day) adds to its accessibility. The locale's appeal is heightened by significant nearby attractions, including Griffith Observatory, Occidental College, Glendale Galleria, and the Americana. Demographic indicators within a 3-mile radius are robust, with a population of275,502 and an average household income of $107,168. This property stands as a sophisticated investment opportunity, offering a harmonious blend of current stability and future growth potential in a high barrier to entry market such as Glendale.
Property Details
Property Features
Property Information:
Year Built: 1922
Stories: 2
Living Area: 6,736 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Roderick 'Rick' Raymundo
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 4
Exterior Features
Parking Information:
Parking: Assigned
Lot Features
Lot Information:
Lot Size: 0.12 Acres
School Info
Assigned Schools Information:
Glendale High School, Public District Grades 9-12
Theodore Roosevelt Middle School, Public District Grades 6-8
Cerritos Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: We are pleased to present a rare opportunity to acquire an exceptional mixed-use investment opportunity in Glendale, California.
Price Information
Listing Price Info
Price Summary:
List Price: $3,275,000
Price Per SqFt: $486/SqFt
Tax Information:
Annual Amount: $33,019
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Glendale, CA.
This property is $2.1M more than the Median Sold Price and $220/SqFt less than other homes in Glendale, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24351527
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Roderick 'Rick' Raymundo
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/28/2024, 5:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 25, 2016
Mar 25, 2016Home Sold
$2,725,000
Mar 19, 2015
Mar 19, 2015Home Sold
$1,990,000
Aug 03, 2006
Aug 03, 2006Home Sold
$1,183,000
Mar 01, 2005
Mar 01, 2005Home Sold
$600,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$33,019
$2,980,183
2020
$31,754
$2,949,626
2019
$31,274
$2,891,791
2018
$30,801
$2,835,090
2017
$30,801
$2,779,500
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Cerritos Elementary School
120 E Cerritos Ave
Distance between this listing and this school0.10 miles
Public District Grades KG-6
Middle School
6
/10
Theodore Roosevelt Middle School
222 E Acacia Ave
Distance between this listing and this school0.67 miles
Public District Grades 6-8
High School
4
/10
Glendale High School
1440 E Broadway
Distance between this listing and this school1.97 miles
Public District Grades 9-12
Assigned Schools
7
/10
Cerritos Elementary School
120 E Cerritos Ave
Distance between this listing and this school0.10 miles
Public District Grades KG-6
Nearby Schools
6
/10
Atwater Avenue Elementary School
3271 Silver Lake Blvd
Distance between this listing and this school0.63 miles
Public District Grades KG-6
5
/10
Glenfeliz Boulevard Elementary School
3955 Glenfeliz Blvd
Distance between this listing and this school0.69 miles
Public District Grades KG-6
Assigned Schools
6
/10
Theodore Roosevelt Middle School
222 E Acacia Ave
Distance between this listing and this school0.67 miles
Public District Grades 6-8
Nearby Schools
7
/10
Washington Irving Middle School Math, Music and Engr
3010 Estara Ave
Distance between this listing and this school1.05 miles
Public Magnet Grades 6-8
7
/10
Celerity Octavia Charter
3010 Estara Ave
Distance between this listing and this school1.05 miles
Public Charter Grades KG-8
Assigned Schools
4
/10
Glendale High School
1440 E Broadway
Distance between this listing and this school1.97 miles
Public District Grades 9-12
Nearby Schools
7
/10
Alliance Environmental Science and Technology High School
2930 Fletcher Dr
Distance between this listing and this school0.92 miles
Public Charter Grades 9-12
7
/10
John Marshall Senior High School
3939 Tracy St
Distance between this listing and this school1.70 miles
The neighbors living near this home have an average income of $29,219. Residents of Glendale, CA typically earn less than $35k each year. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3720 San Fernando Rd
What is the listing price of this property?
The listing price of 3720 San Fernando Rd property is $3,275,000.
What type of property is this?
The property 3720 San Fernando Rd is a house located in Glendale, California, 91204.
Is this property for sale now?
Active Listing: 3720 San Fernando Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 3720 San Fernando Rd are: Cerritos Elementary School: GreatSchools Rating 7/10Theodore Roosevelt Middle School: GreatSchools Rating 6/10Glendale High School: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $33,019 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 25, 2016 for $2,725,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 3720 San Fernando Rd has 4 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 3720 San Fernando Rd is 6,736 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 3720 San Fernando Rd is 1922.
Interested in 3720 San Fernando Rd? Let's connect.
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This home is located at 3720 San Fernando Rd in Glendale, CA and zip code 91204 in the The Verdugos neighborhood. This 6,736 square foot home, which was built in 1922, sits on a 0.12 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since January 25, 2024 and is currently priced at $3,275,000.
In March 2024 more than 30 listings in Glendale, CA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 16 were sold below. In March 2024 in Glendale, CA there were 11.4% more homes for sale than in February 2024. Listings spent 31 days on the market in March 2024, and had a median list price of $1,150,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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