1004 E Garfield Ave, Glendale, CA 91205
1004 E Garfield Ave, Glendale, CA 91205
1004 E Garfield Ave, Glendale, CA 91205
1004 E Garfield Ave, Glendale, CA 91205
1004 E Garfield Ave, Glendale, CA 91205
1004 E Garfield Ave, Glendale, CA 91205
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Courtney Poulos

Courtney Poulos

+1(323) 919-0375
$ 2,800,000
Est. payment | /mo

16 Beds

16 Baths

7,578 SqFt

Save
$ 2,800,000
Est. payment | /mo
Save

16 Beds

16 Baths

7,578 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,578 sqft

Price per Sqft $369

MLS Listing ID 26853505

Bedrooms 16

Year Built 1987

Lot Size 8,566 Sqft

Acres 0.1966

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Glendale-South Of 134 Fwy

Zoning GLR4YY

Rooms

Other Rooms Other

Interior

Heating Central

Cooling Central

Equipment Dishwasher, Range/Oven, Intercom

Exterior

Parking Features Carport Detached, Assigned

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Andy Anubhav Kawatra

Nearby Locations

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Courtney Poulos
Courtney Poulos

Broker-Owner | Lic#  01882678

+1(323) 919-0375

4516 Eagle Rock Blvd, Los Angeles, CA, 90041

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1004 E Garfield Ave