Active

1004 E Garfield Avenue

Glendale, CA 91205
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Bed 16

Bed

Bath 0

Bath

SqFt7,578

Sqft

SqFt8,566

Sqft(Lot)

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 immedi ate 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,800,000

AD Id : 87070214

MLS Id : 26853505

Beds : 16

Lot Size : 8,566 Sqft

Living Area Size : 7,578

Year Built : 1987

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 16

    Bathroom Information

    Total Baths: 16 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Dishwasher
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

  • Building Information

    Year Built: 1987 Building Area Total: 7,578

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1966 Lot Size Dimensions: 47x177
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 8566

  • Listing Price Information

    Original List Price: 2,800,000 Listing Contract Date: 2026-06-29
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5675030031

  • Garage and Parking

    Garage Description: Assigned,Detached Carport

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 628 - Glendale-South of 134 Fwy Directions: On Garfield Ave, Between Mariposa St and Adams St. Zoning: GLR4YY Source Property Type: Residential Income Area: 628 - Glendale-South of 134 Fwy
  • Building and Construction

    Property Age: 39 Year Built Source: Vendor Enhanced Total Square Feet Living: 7578 Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
404 Lincoln Avenue, Glendale, CA, 91205 $5,199,000 -- -- 13,176 13,176 SqFt
121 Maynard Street, Glendale, CA, 91205 $3,700,000 16 -- 7,856 7,856 SqFt
1502 E Broadway, Glendale, CA, 91205 $3,700,000 16 -- 7,598 7,598 SqFt
1313 Carlton Drive, Glendale, CA, 91205 $999,000 4 -- 1,916 1,916 SqFt
1241 Corona Drive, Glendale, CA, 91205 $1,295,000 3 2 2,340 2,340 SqFt
1404 Corona Drive, Glendale, CA, 91205 $1,575,000 4 2 1,882 1,882 SqFt
1030 Tyler St, Glendale, CA, 91205 $980,000 2 1 860 860 SqFt
1633 Loma Crest Street, Glendale, CA, 91205 $1,295,000 3 1 2,316 2,316 SqFt
1001 E Acacia Avenue, Glendale, CA, 91205 $3,175,000 10 -- 6,096 6,096 SqFt
729 Raleigh Street, Glendale, CA, 91205 $3,999,000 22 -- 11,424 11,424 SqFt

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ByOwner last updated this listing 07/01/2026 @ 07:15

MLS: 26853505 LISTED BY: Andy Anubhav Kawatra, Andy Anubhav Kawatra 818-456-7846 SOURCE: CRMLS

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