Creative Office/Warehouse in
For Sale
$3,450,000
3608 San Fernando Road, Glendale, CA 91204
Modern creative office space with income potential in prime location.
Property Size5,121 SF
Lot Size0.16 Acres
Price / SF$673.70
Days on Market201
Property Features for 3608 San Fernando Road
General Information
Standard status
Active
Size
5,121 SF
Lot size
0.16 Acres
Property subtype
Office
Listing Agency:
CBRE - Downtown Los Angeles
Listed By:
John Hillman · License #0122357
(213) 613-3755
Source:
Cbre
Added: Mar 25
Changed: Sep 29
Last Checked: Oct 11 at 3:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Downtown Los Angeles
Investment Insights
Based on property information with market context.
Located in Glendale, adjacent to Atwater Village and Glassell Park, this property presents an opportunity for owner-users or investors. The 5,121 square-foot building, situated on a 6,888 square-foot corner lot, was converted from an industrial warehouse into modern creative offices in 2013/2014, with a loft area added in 2019. The interior features exposed sandblasted red brick and wood beam ceilings. The property includes secured interior parking with a high bow-truss ceiling. One unit is currently owner-occupied and will be delivered vacant. The other unit is currently rented, providing income. The property has frontage on San Fernando Rd. The zoning is IMU-R. The location offers easy access to major freeways and sees a high traffic count of 40,079 vehicles per day. The property is near Atwater Village, Glassell Park, Los Feliz, Silverlake, Highland Park and Frogtown.
Key Highlights
- Delivered Vacant: One unit is owner‑occupied and will be delivered vacant, ideal for immediate use.
- Tenant Income: The second unit is currently rented, providing immediate income to offset operating expenses.
- Prime Location: Situated in Glendale, bordering Atwater Village and Glassell Park, with easy access to Los Feliz, Silverlake, Highland Park and Frogtown.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,762
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,015,240
$2.0M
Cap Rate 7%
$1,439,457
$1.4M
Cap Rate 9%
$1,119,578
$1.1M
Market Conditions
NOI Build-Up for 5,121 SF
Gross rent
$169.0K $33.00/SF
− Vacancy
−$34.6K −$6.77/SF
EGI
$134.3K $26.24/SF
− OpEx
−$33.6K −$6.56/SF
NOI
$100.8K $19.68/SF
Area
Glendale, CA
Vacancy
20.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,015,240
Cap Rate 7%
$1,439,457
Cap Rate 9%
$1,119,578
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,762 @ 7.0% cap · market cap 2.92%
Second Best
Warehouse
$1.03M
$905.5K – $1.21M
NOI $72,436 @ 7.0% cap · market cap 2.10%
Theoretical Best
Specialty Retail
$3.08M
$2.69M – $3.59M
NOI $215,593 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,304
Businesses Nearby
Explore this area
Business Placement
Demographics for 91204, CA
17,302
Population
7,095
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
1.0 sq mi
ZIP Area
17,302
Density / Sq Mi
$72,906
Median Household Income
$41,556
Median Earnings
$1,924
Median Rent
$747,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Creative space - Modern creative office space with income potential in prime location.
Where is this creative space located?
The property is located at 3608 San Fernando Road Glendale, CA.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Delivered Vacant: One unit is owner‑occupied and will be delivered vacant, ideal for immediate use.; Tenant Income: The second unit is currently rented, providing immediate income to offset operating expenses.; Prime Location: Situated in Glendale, bordering Atwater Village and Glassell Park, with easy access to Los Feliz, Silverlake, Highland Park and Frogtown.
