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, picturesque landscapes, and a welcoming community. With its stunning views of the San Gabriel Mountains and a climate that boasts sunny skies year-round, Glendale is not just a place to live; it’s a lifestyle.

Glendale offers an array of amenities that cater to every taste. From the bustling shopping scene at The Americana at Brand to the serene beauty of Griffith Park, there’s something for everyone. The city is also home to a number of acclaimed schools, parks, and recreational facilities, making it an ideal location for families and individuals alike.

For those looking to invest in real estate, Glendale presents a fantastic opportunity with its multi-family homes. These properties are perfect for investors seeking to create passive income or for families looking to live close to one another while maintaining their independence. Multi-family homes in Glendale are characterized by their spacious layouts and modern amenities, offering residents the comfort of home with the potential for rental income.

With a strong rental market and a steady demand for housing, investing in multi-family homes in Glendale is not just a smart financial decision; it’s a chance to be part of a thriving community. Whether you're looking to buy your first investment property or expand your portfolio, Glendale’s multi-family homes are a gateway to a prosperous future in a city that truly has it all. Come discover the charm of 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

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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.