About 437 W Glenoaks Boulevard
Welcome to Santa Barbara Apartments, an exceptional 9-unit multifamily asset located in the heart of Glendale, CA. Offered for the first time on the market, this well-maintained and recently upgraded property presents a rare opportunity for investors seeking strong in-place income with additional upside potential. The building features (4) two-bedroom units and (5) one-bedroom units, with 8 currently occupied and 1 vacant—ideal for an owner-user or immediate rent growth. Recent improvements include new electric subpanels in every unit, a new main service panel, updated asphalt, fresh exterior paint, upgraded railings, and a new irrigation system, enhancing both performance and curb appeal. Additional amenities include, wall-mounted A/C units, on-site coin-operated laundry, and dedicated parking for 8 of the 9 units. Three apartments have been recently remodeled. Two rent increases are scheduled for December, providing further income growth. Centrally located near major freeways, public transportation, shopping, and dining, this property provides convenience and enduring tenant demand—making it an excellent addition to any investor’s portfolio. Current cap rate is 5.06%, with a projected 5.85% cap rate once the vacant unit is leased—an outstanding return for the Glendale market.
Features of 437 W Glenoaks Boulevard
| MLS® # | SR25249639 |
|---|---|
| Price | $2,750,000 |
| Sold Price | $2,800,000 |
| Bedrooms | 13 |
| Bathrooms | 9.00 |
| Lot Sqft | 9,486 |
| Acres | 0.22 |
| Year Built | 1962 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Style | Traditional |
| Status | Closed |
| # Of Units | 9 |
Community Information
| Address | 437 W Glenoaks Boulevard |
|---|---|
| Area | 626 - Glendale-Northwest |
| City | Glendale |
| County | Los Angeles |
| Zip Code | 91202 |
Amenities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
|---|---|
| Parking Spaces | 8 |
| Parking | Carport, On Street |
| # of Garages | 8 |
| Garages | Carport, On Street |
| View | Hills, Mountain(s), Neighborhood, Trees/Woods, Valley |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Carpet, Laminate |
|---|---|
| Interior Features | Ceiling Fan(s), Primary Suite, Unfurnished |
| Heating | Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Lawn, Landscaped, Near Park |
|---|---|
| Windows | Blinds |
Additional Information
| Date Listed | November 2nd, 2025 |
|---|---|
| Date Sold | December 31st, 2025 |
| Days on Market | 30 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Thomas Freedman |
|---|---|
| Office | Sunset Lending and Realty |