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ZIP CODE 91204

$11,550,000
43 Beds 43 Baths 24-360421 MLS
We are pleased to present an exceptional investment opportunity: 451 Hawthorne St, a 25-unit multifamily property located in the Moorpark neighborhood, just steps away from Downtown Glendale. This property, offered for sale for the first time in 33 years, represents a rare generational investment in the highly sought-after Downtown Glendale area, situated only one block from the Glendale Galleria and two blocks from the Americana on Brand.What sets 451 Hawthorne apart from other properties of similar vintage in Glendale is its distinctive architecture and layout, making it an ideal choice for investors seeking over 20% in rental upside through an interior and exterior renovation program. The property's value is further solidified by its zoning designation as R1250, which prohibits future multifamily developments of this size at this prime location.Constructed in 1989, this three-story property comprises six 1-bedroom/1-bathroom units, one 1-bedroom/1.5-bathroom + office townhouse unit, and eighteen 2-bedroom/2-bathroom units. Nine of these units have undergone renovations featuring custom kitchen cabinetry and updated bathrooms, while almost all units have received new vinyl plank or wood laminate flooring. Four units have undergone minor improvements, and the remaining 12 units have been well-maintained but not renovated. Many units feature private patios, common area patios, private balconies, and Juliette balconies. The average unit size is approximately 950 square feet, offering diverse floorplans suitable for family living. All units are equipped with central HVAC and are individually metered for gas and electric utilities.The property includes a subterranean garage providing 48 parking spaces for tenants, an owner's storage room, trash disposal area, an on-site laundry room, and elevator access. Recent capital expenditures have ensured the property's excellent condition, including a new sewer line, elastomeric roof coating, and the installation of 6 new HVAC package units. The remaining 19 HVAC package units are under contract to be replaced soon. 451 Hawthorne St. is conveniently situated between Broadway and Colorado St., with Central Ave. to the west and Pacific Ave. to the east. Residents have easy access to several nearby bus stops on Pacific Ave., Broadway, and Colorado St. Moreover, its proximity to the Glendale Galleria and Americana at Brand, both within one to two blocks, ensures a high demand for rental units in one of Glendale's most sought-after neighborhoods.

451 Hawthorne St, Glendale

Courtesy of Marcus & Millichap, Sevak Keshishian - CA DRE#01887505

$11,550,000
43 Beds 43 Baths 24360421 MLS
We are pleased to present an exceptional investment opportunity: 451 Hawthorne St, a 25-unit multifamily property located in the Moorpark neighborhood, just steps away from Downtown Glendale. This property, offered for sale for the first time in 33 years, represents a rare generational investment in the highly sought-after Downtown Glendale area, situated only one block from the Glendale Galleria and two blocks from the Americana on Brand.What sets 451 Hawthorne apart from other properties of similar vintage in Glendale is its distinctive architecture and layout, making it an ideal choice for investors seeking over 20% in rental upside through an interior and exterior renovation program. The property's value is further solidified by its zoning designation as R1250, which prohibits future multifamily developments of this size at this prime location.Constructed in 1989, this three-story property comprises six 1-bedroom/1-bathroom units, one 1-bedroom/1.5-bathroom + office townhouse unit, and eighteen 2-bedroom/2-bathroom units. Nine of these units have undergone renovations featuring custom kitchen cabinetry and updated bathrooms, while almost all units have received new vinyl plank or wood laminate flooring. Four units have undergone minor improvements, and the remaining 12 units have been well-maintained but not renovated. Many units feature private patios, common area patios, private balconies, and Juliette balconies. The average unit size is approximately 950 square feet, offering diverse floorplans suitable for family living. All units are equipped with central HVAC and are individually metered for gas and electric utilities.The property includes a subterranean garage providing 48 parking spaces for tenants, an owner's storage room, trash disposal area, an on-site laundry room, and elevator access. Recent capital expenditures have ensured the property's excellent condition, including a new sewer line, elastomeric roof coating, and the installation of 6 new HVAC package units. The remaining 19 HVAC package units are under contract to be replaced soon. 451 Hawthorne St. is conveniently situated between Broadway and Colorado St., with Central Ave. to the west and Pacific Ave. to the east. Residents have easy access to several nearby bus stops on Pacific Ave., Broadway, and Colorado St. Moreover, its proximity to the Glendale Galleria and Americana at Brand, both within one to two blocks, ensures a high demand for rental units in one of Glendale's most sought-after neighborhoods.

451 Hawthorne Street, Glendale

Listing courtesy of Listing Agent: Sevak Keshishian (skeshishian@marcusmillichap.com) from Listing Office: Marcus & Millichap.

$3,275,000
4 Beds 5 Baths 24351527 MLS
This meticulously designed two-story building, strategically located on San Fernando Rd., features ground-floor retail space and five apartments with an office unit on the second floor, boasting a total area of 6,736 sq ft on a 5,090 sq ft lot. The retail tenant's recent commitment underscores the property's stability, and its competitive pricing at a 6.25% CAP rate based on current income offers investors a compelling proposition. The potential for increased returns through optimizing rents on the second floor further enhances the attractiveness of this investment. Situated strategically on San Fernando Rd. between S Brand Blvd and Cerritos Ave, the property benefits from prime visibility, with over 24,000 vehicles passing by daily. Its proximity to the 2 and 5 freeways (over 400,000 vehicles per day) adds to its accessibility. The locale's appeal is heightened by significant nearby attractions, including Griffith Observatory, Occidental College, Glendale Galleria, and the Americana. Demographic indicators within a 3-mile radius are robust, with a population of275,502 and an average household income of $107,168. This property stands as a sophisticated investment opportunity, offering a harmonious blend of current stability and future growth potential in a high barrier to entry market such as Glendale.

3720 San Fernando Road, Glendale

Listing courtesy of Listing Agent: Roderick 'Rick' Raymundo (Rick.Raymundo@MarcusMillichap.com) from Listing Office: Marcus & Millichap.

$1,100,000
3 Beds 2 Baths 23-337283 MLS
We are pleased to announce the opportunity to purchase 353 W. Garfield Ave., a duplex located in the Pacific-Edison neighborhood of southwest Glendale. Available for the first time in 37 years, this opportunity is the perfect for an owner user or for an investor looking to purchase a multifamily property in a great neighborhood of Glendale. Built in 1922, the property spans roughly 1,500 square feet and is comprised of a 2Bed/1Bath house in the front and a separate 1Bed/1Bath in-law unit in the rear. There are two hand-built storage sheds on the property and ample space between the two structures for a garden, sitting area, or any other future amenity for the property and tenants. There is minimal landscaping, both units are individually metered for gas and electricity, and the plumbing is copper. The roof was replaced 9 years ago and the HVAC was replaced 1 year ago. Located west of Central Ave, 353 W. Garfield Ave. is located near the northwest corner of Garfield Ave and Columbus Ave. It is within proximity to three of Glendale's main thoroughfares which are San Fernando Rd., Central Ave, and Brand Blvd. Residents of this property are within a short distance to multiple bus stops located on Pacific and San Fernando as well as Edison Elementary School and Roosevelt Middle School. The area is filled with many restaurants, retail shops, and businesses. It also provides tenants with ease of access to larger retail centers located at Glendale Galleria, The Americana of Glendale, and the Los Feliz Shopping Center. The property is within a short distance to the 134 and 5 Freeways will provide tenants with an easy commute to nearby neighborhoods such as Burbank, Eagle Rock, Los Feliz, Downtown Los Angeles, Pasadena, and all areas of San Ferando Valley.

353 W Garfield Ave, Glendale

Courtesy of Marcus & Millichap, Sevak Keshishian - CA DRE#01887505

$1,100,000
3 Beds 2 Baths 23337283 MLS
We are pleased to announce the opportunity to purchase 353 W. Garfield Ave., a duplex located in the Pacific-Edison neighborhood of southwest Glendale. Available for the first time in 37 years, this opportunity is the perfect for an owner user or for an investor looking to purchase a multifamily property in a great neighborhood of Glendale. Built in 1922, the property spans roughly 1,500 square feet and is comprised of a 2Bed/1Bath house in the front and a separate 1Bed/1Bath in-law unit in the rear. There are two hand-built storage sheds on the property and ample space between the two structures for a garden, sitting area, or any other future amenity for the property and tenants. There is minimal landscaping, both units are individually metered for gas and electricity, and the plumbing is copper. The roof was replaced 9 years ago and the HVAC was replaced 1 year ago. Located west of Central Ave, 353 W. Garfield Ave. is located near the northwest corner of Garfield Ave and Columbus Ave. It is within proximity to three of Glendale's main thoroughfares which are San Fernando Rd., Central Ave, and Brand Blvd. Residents of this property are within a short distance to multiple bus stops located on Pacific and San Fernando as well as Edison Elementary School and Roosevelt Middle School. The area is filled with many restaurants, retail shops, and businesses. It also provides tenants with ease of access to larger retail centers located at Glendale Galleria, The Americana of Glendale, and the Los Feliz Shopping Center. The property is within a short distance to the 134 and 5 Freeways will provide tenants with an easy commute to nearby neighborhoods such as Burbank, Eagle Rock, Los Feliz, Downtown Los Angeles, Pasadena, and all areas of San Ferando Valley.

353 W Garfield Avenue, Glendale

Listing courtesy of Listing Agent: Sevak Keshishian (skeshishian@marcusmillichap.com) from Listing Office: Marcus & Millichap.

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Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.