$4,450,000
1600 E Broadway
Glendale, CA 91205
1950
Year Built
Los Angeles
County
Apartment
Property Type
About this home
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 Details
Architecture
Features & Amenities
Property Features
Community
Tax & Financial
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Mortgage Estimate
$23,685/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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