9
See all 9 photos
$4,450,000
Est. payment /mo
1 Bath
7,468 Sqft Lot
New
1600 E Broadway Glendale, CA 91205
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26210960
Lot Size 7,468 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to introduce for acquisition for the first time in 40 years, the Broadway Studios, 18 units located in Glendale with a WalkScore of 84. The property offers investors meaningful scale at an attractive basis in one of the most supply-constrained multifamily markets in Los Angeles County. The offering combines strong current yield with long-term positioning in a highly walkable Glendale location, approximately 1.5 miles from The Americana at Brand, and walking distanceto In-N-Out Burger, Glendale Adventist Hospital & Glendale High School. A compelling opportunity to acquire scale in one of Glendales most established rental markets, at quite possibly the lowest entry price per unit offering. $4,450,000 Asking Price $247,222 Per Unit 5.66% Cap Rate 11,316 SF Building Spacious Floorplans Walk Score: 84
Location
State CA
County Los Angeles
Zoning Public Rec
Direction COrner of Broadway & Wilson
Interior
Heating Forced Air Unit
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5680027009
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Levon Alexanian, DRE#00911091 Keller Williams World Media Center
NEARBY SCHOOL & BUSINESS
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