This property offers a rare combination of income-generating potential through a unit mix of 1 retail unit and 8 residential units. The property's Industrial/Commercial Mixed Use (IMU R) zoning allows for a range of uses, including office, retail, and residential. The property features a total of 5, 729 square feet, with a lot area of 4, 871 SF and 5 parking spaces. The unit mix consists of 6 one-bedroom, one-bath units, 1 two-bedroom, two-bath and 1 retail unit. Located in the heart of Glendale, California, this property offers convenient access to major thoroughfares, including the Ventura (134) and Golden State (5) highways. The property is close to a variety of local amenities, including the Americana at Brand outdoor shopping and dining complex, the Glendale Galleria shopping mall, the Glendale Civic Center and City Hall, the Glendale Public Library, the Glendale Unified School District, the Metro Gold Line light rail station, DreamWorks Animation, Disney Studios, and Walt Disney Imagineering. Even though there are currently no citywide rent control restrictions, 5940 San Fernando Road is subject to AB-1482.This prime location and versatile zoning makes 5940 San Fernando Road an attractive opportunity for investors seeking to capitalize on the city's growing demand for housing and commercial space.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 8
Heating and Cooling
- Cooling Features: Wall Unit(s)
- Heating Features: Wall
Land Info
- Lot Size Acres: 0.1118228
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 4871
Garage and Parking
- Garage Description: Carport
- Parking Total: 5
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 9
- Unit Type: Multifamily
- Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 27600, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 27600, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 27600, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 27600, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 27600, 6 BedsTotal: 1, 6 BathsTotal: 1, 6 SquareFeet: 27600, 7 BedsTotal: 2, 7 BathsTotal: 2, 7 SquareFeet: 33600, 8 BedsTotal: 2, 8 BathsTotal: 2, 8 SquareFeet: 33600, 9 SquareFeet: 39000
Rental Info
- Gross Scheduled Income: 236552
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 4.8
- Directions: Positioned south of Doran Street and north of West Milford Street.
- Source Property Type: Residential Income
- Area: Glendale-Northwest
- Source Neighborhood: Glendale-Northwest
- Owner Pays: Electricity, Gardener, Gas, Water
- Parcel Number: 5628-032-010
- Postal Code Plus 4: 2741
- Zoning: IMU R
- Source System Name: C2C
Commercial Info
- Net Operating Income: 168136
- Operating Expense: 68416
Building and Construction
- Total Square Feet Living: 5729
- Year Built: 1962
- Levels: Two Level
- Living Area Source: Vendor Enhanced
- Property Age: 63
- Levels or Stories: 2
- Year Built Source: Vendor Enhanced
Home Features
- Other Equipment: Ceiling Fan, Dishwasher, Microwave, Freezer