New

$2,800,000

For Sale

A day ago

1004 E Garfield Ave, Glendale, CA

Name: 1004 E Garfield Ave, For Sale in Glendale - eXp Realty
Brand: Andy Anubhav Kawatra
SKU: 26853505
Price: 2800000 USD

House

MLS® 26853505

16 Bed

16 Bath

7578 sqft

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 7578 sqft

Garage

Taxes

Days Active 0

Lot Size 0.1966 Acres

Approx. Age 1987

Avg. Price Per Sqft $369

MLS® Number 26853505

Property Address: 1004 E Garfield Ave, Glendale, CA, 91205-2975

Average square foot calculated using Size range provided by listing agent.

Description

Located in the heart of Glendale, California, 1004 E Garfield Avenue presents a rare opportunity to acquire an 8-unit multifamily asset in one of the region's most desirable and supply-constrained rental markets. Built in 1987, the property consists entirely of spacious two-bedroom units and encompasses approximately 7, 578 square feet of improvements situated on an 8, 276-square-foot lot. Its attractive unit mix, strong residential appeal, and convenient location provide investors with a stable income-producing asset positioned for long-term growth. The property is currently offered at $2, 800, 000, representing approximately $350, 000 per unit and $369 per square foot. With an in-place cap rate of approximately 5.50%and a current gross rent multiplier (GRM) of 11.90, the asset delivers immediate cash flow while maintaining meaningful upside through continued rent growth. The building's larger unit configurations and favorable vintage compare well against recent multifamily sales in the surrounding Glendale submarket, supporting the offering's competitive positioning . Glendale continues to benefit from a diverse employment base, excellent school systems, and strong connectivity to major employment centers throughout Los Angeles. Residents enjoy close proximity to Downtown Glendale, The Americana at Brand, Glendale Galleria, major transportation corridors, and a wide array of dining, retail, and entertainment amenities. These factors have contributed to sustained renter demand, low vacancy levels, and consistent rental appreciation, making the market attractive to both private and institutional investors. 1004 E Garfield Avenue represents an ideal acquisition for investors seeking a combination of stable in-place income, durable fundamentals, and future appreciation potential. The property's desirable all two-bedroom unit mix, strong Glendale location, and opportunity to capture additional revenue through market rent growth position it as a compelling investment opportunity in one of Southern California's most resilient multifamily markets.

MLS® Number26853505

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1987

Basement

DrivewayAssigned, Detached Carport

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 29, 2026List Date

$2,800,000List Price

Commute

Commute

Starting Address

Destination Address

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