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 cultural diversity, stunning landscapes, and a thriving community spirit. With its picturesque neighborhoods, Glendale offers a perfect blend of urban convenience and suburban charm, making it an ideal place for families, professionals, and investors alike.

Glendale is celebrated for its excellent schools, beautiful parks, and a plethora of shopping and dining options. The iconic Americana at Brand and the historic downtown area are just a few highlights that showcase the city’s dynamic lifestyle. With easy access to major freeways and public transportation, commuting to downtown Los Angeles or neighboring cities is a breeze, allowing residents to enjoy the best of both worlds.

For those considering investment opportunities, Glendale's multifamily homes present a unique chance to capitalize on the area's growing real estate market. These properties cater to a variety of living arrangements, from duplexes to larger apartment complexes, providing flexibility for both homeowners and investors. Multifamily homes in Glendale not only offer a steady rental income but also the potential for long-term appreciation, making them a smart choice in today’s market.

Whether you're looking to settle down in a welcoming community or seeking a lucrative investment opportunity, Glendale's multifamily homes provide the perfect solution. Experience the charm of this exceptional city, where every street tells a story, and every home is a gateway to a vibrant lifestyle. Discover your next property in Glendale today!

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

Start Your Search

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.