300 E Garfield Avenue, Glendale, CA 91205
- $2,395,000
- List Price
- $2,395,000
- Status
- ACTIVE
- MLS#
- GD26073600
- Year Built
- 1966
- Lot Size
- 7,502
- Acres
- 0.17
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 114
- Property Type
- Multifamily
- 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.
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Central Air
- Sewer
- Public Sewer
- Water
- Private
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $160,860
- Operating Expense
- 57502
Listing courtesy of Listing Agent: Raymond Honanian (ray@silverspooninvestments.com) from Listing Office: Silver Spoon Properties.
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