1600 E Broadway, Glendale, CA 91205
- $4,450,000
- List Price
- $4,450,000
- Status
- ACTIVE
- MLS#
- SR26210960
- Year Built
- 1950
- Lot Size
- 7,468
- Acres
- 0.17
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Apartment
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 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
/u.realgeeks.media/jeremysifuentes/header.png)
Additional Information
- Pool Description
- None
- Heat
- Forced Air
- Sewer
- Private Sewer
- Water
- Private
- Attached Structure
- Attached
- Number Of Units Total
- 18
- Gross Scheduled Income
- $360,420
- Operating Expense
- 101128
Listing courtesy of Listing Agent: Levon Alexanian (info@alexanianadvisors.com) from Listing Office: Keller Williams World Media Center.
Mortgage Calculator
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.