$4,450,000

Apartment Glendale

  • 11,316 Sqft
  • 7,467 Sqft lot
  • Updated: Today
  • MLS#SR26210960

About the Property

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 highl
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 Glendale’s 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
…
  • Property type

    Apartment

  • Year built

    1950

  • Price/sqft

    $393

Explore the Area

1600 E Broadway, Glendale, CA 91205, California, United States View on Google Maps
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Levon Alexanian

Joined 2 years ago
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Levon Alexanian
United States
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2
Listings
2024
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Burbank
Burbank
111 N. First St, # 300, 91502, Burbank, United States
View agency profile
Last updated
Today
First listed
September 29
Agent licence
#00911091
Listing reference
2163952719125958
Listing status
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