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$ 2,395,000
Est. payment | /mo
7,501 Sqft Lot
$ 2,395,000
Est. payment | /mo
7,501 Sqft Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID GD26073600
HOA Y/N No
Year Built 1966
Lot Size 7,501 Sqft
Property Sub-Type Apartment
Property Description
Exceptional investment opportunity in the heart of Glendale! This well-maintained 8-unit multifamily property offers an impressive unit mix consisting of one 3-bedroom/2-bath unit with a private 1-car garage, one 2-bedroom/1-bath unit, five 1-bedroom/1-bath units, and one studio unit with an attached garage. The property has had no vacancies for many years, reflecting its strong rental stability and desirable location.
Recent capital improvements include a brand-new roof, new gutters, and copper plumbing throughout—minimizing maintenance needs and maximizing long-term value. Five tenants currently participate in the Section 8 program, providing consistent income and excellent tenant retention. Next rent increases take effect on June 1, 2026, presenting an immediate upside for investors.
With very low operating expenses and a solid rental history, this property is a turn-key addition to any multifamily portfolio. Conveniently located near shops, restaurants, and major freeways, 300 E Garfield Ave offers lasting appeal in one of Glendale's most in-demand rental markets.
Recent capital improvements include a brand-new roof, new gutters, and copper plumbing throughout—minimizing maintenance needs and maximizing long-term value. Five tenants currently participate in the Section 8 program, providing consistent income and excellent tenant retention. Next rent increases take effect on June 1, 2026, presenting an immediate upside for investors.
With very low operating expenses and a solid rental history, this property is a turn-key addition to any multifamily portfolio. Conveniently located near shops, restaurants, and major freeways, 300 E Garfield Ave offers lasting appeal in one of Glendale's most in-demand rental markets.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Private
New Construction No
Others
Senior Community No
Tax ID 5641016005
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Raymond Honanian Silver Spoon Properties ray@silverspooninvestments.com, DRE #01372779
Nearby Locations