1004 E Garfield AV
Glendale, CA, 91205
$2,800,000
16 Beds
16 Baths
7,578 SqFt
0.2 Acres
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MLS #26853505 image #0
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.

Property Details

Price:
$2,800,000
MLS #:
26853505
Status:
Active
Beds:
16
Baths:
16
Type:
Single Family
Neighborhood:
628glendalesouthof134fwy
Listed Date:
Jun 29, 2026
Finished Sq Ft:
7,578
Total Sq Ft:
7,578
Lot Size:
8,566 sqft / 0.20 acres (approx)
Year Built:
1987
628 – Glendale-south Of 134 Fwy628glendalesouthof134fwy

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Financial

Gross Operating Income
$228,202
Net Operating Income
$153,952

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Community

Subdivisions in Glendale

Market Summary

Current real estate data for Single Family in Glendale as of Jul 01, 2026
329
Single Family Listed
58
Avg DOM
297
Avg $ / SqFt
$1,037,026
Avg List Price

Property Summary

    1004 E Garfield AV Glendale CA is a Single Family for sale in Glendale, CA, 91205. It is listed for $2,800,000 and features 16 beds, 16 baths, and has approximately 7,578 square feet of living space, and was originally constructed in 1987. The current price per square foot is $369. The average price per square foot for Single Family listings in Glendale is $297. The average listing price for Single Family in Glendale is $1,037,026.

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1004 E Garfield AV
Glendale, CA