Glendale-Chevy Chase/E. Glenoaks (624) Homes with Multi Family Subtype

Welcome to the vibrant neighborhood of Glendale-Chevy Chase/E. Glenoaks, a hidden gem nestled in the heart of Los Angeles County, California. This charming community boasts a rich tapestry of culture, convenience, and character, making it an ideal place for families, professionals, and investors alike.

Situated within the city of Glendale, this region is known for its picturesque tree-lined streets, welcoming atmosphere, and diverse architectural styles. From classic Craftsman homes to modern multi-family residences, the real estate landscape here is as varied as its residents. For those seeking investment opportunities or a multi-generational living situation, the homes with a multi-family subtype are particularly appealing. These properties not only offer the potential for additional rental income but also provide a unique opportunity for families to live close together while maintaining their independence.

The Glendale-Chevy Chase/E. Glenoaks area is conveniently located near excellent schools, lush parks, and a plethora of shopping and dining options. Residents can enjoy easy access to the bustling downtown Glendale, renowned for its vibrant arts scene and community events. The nearby Verdugo Mountains offer a stunning backdrop for outdoor enthusiasts, with ample hiking trails and recreational activities.

With its blend of suburban tranquility and urban convenience, Glendale-Chevy Chase/E. Glenoaks is a neighborhood that truly has it all. Whether you're looking to invest in a multi-family home or find a place to call your own, this community is ready to welcome you with open arms and endless possibilities. Come explore the charm of Glendale today!

Newest Glendale-Chevy Chase/E. Glenoaks (624) 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.