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$ 4,450,000
Est. payment /mo
New
1600 E Broadway Glendale, CA 91205
7,466 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26210960
HOA Y/N No
Year Built 1950
Lot Size 7,466 Sqft
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
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
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Heating Forced Air
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Biking, Curbs, Foothills, Golf, Hiking
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 2
Sewer Private Sewer
Water Private
New Construction No
Others
Senior Community No
Tax ID 5680027009
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Levon Alexanian Keller Williams World Media Center info@alexanianadvisors.com, DRE #00911091