Glendale Homes with Multi Family Subtype

Glendale Homes with Multi Family Subtype

Welcome to Glendale, California—a vibrant city nestled in the heart of Los Angeles County, known for its rich history, diverse culture, and stunning natural beauty. With its picturesque hills and convenient access to downtown Los Angeles, Glendale offers a unique blend of urban amenities and suburban charm. Residents enjoy a thriving arts scene, abundant shopping options, and a variety of dining experiences that cater to every palate. The city is also home to several beautiful parks, perfect for outdoor enthusiasts and families alike.

For those looking to invest in real estate, Glendale presents an exciting opportunity with its multi-family homes. These properties are ideal for investors seeking to capitalize on the growing demand for rental units in this desirable area. Multi-family homes in Glendale range from charming duplexes to larger apartment buildings, providing a variety of options to suit different investment strategies.

Living in a multi-family home not only allows for potential rental income but also fosters a sense of community. Many of these properties are situated in vibrant neighborhoods, making it easy for residents to enjoy the local parks, schools, and cultural attractions. Furthermore, Glendale's strategic location means that residents have quick access to major highways and public transportation, making commuting a breeze.

Whether you are looking to invest in a multi-family property or seeking a place to call home, Glendale's dynamic real estate market offers something for everyone. Embrace the opportunity to be part of this flourishing community and discover the potential that awaits you in this beautiful California city!

Newest Glendale Homes with Multi Family Subtype

$5,999,999
GD26081657 MLS Active Status
Prime value add investment opportunity in the heart of Glendale located at 1530 E Broadway. This 16 unit apartment building offers a strong in place rent roll with 15 of the 16 units currently occupied, providing immediate cash flow with a current cap rate of approximately 5.25 percent and additional upside potential. Situated on a 14,306 sq ft lot with approximately 16,000 sq ft of living space, the property features an attractive unit mix of four 3 bedroom 2 bathroom units, four 2 bedroom 2 bathroom units, four 2 bedroom 1 bathroom units, and four 1 bedroom 1 bathroom units. The diverse unit mix supports stable tenancy while allowing for future rent growth across multiple unit types. The property includes 11 on site parking spaces, with 11 units assigned parking and 5 units without assigned parking, presenting an opportunity to increase income through parking reconfiguration or monetization. Current operations offer a solid income stream while still allowing a new owner to capture rental upside and improve overall returns. Ideally located near the 134 freeway with immediate access to major retail and employment centers including the Glendale Galleria and the Americana at Brand, the property benefits from strong rental demand and a highly desirable location. This is a rare opportunity to acquire a well located multi family asset with strong in place income, approximately 5.25% percent cap rate, and clear value add potential in one of Glendale’s most sought after rental markets.

1530 E Broadway, Glendale

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.