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 history, diverse culture, and stunning natural landscapes. With its picturesque neighborhoods and a strong sense of community, Glendale offers an ideal blend of urban convenience and suburban charm. Just a stone's throw away from downtown Los Angeles, residents enjoy easy access to world-class dining, shopping, and entertainment, while still being able to retreat to their peaceful homes.

One of the standout features of Glendale is its impressive array of multi-family homes. These residences cater to a variety of lifestyles, making them perfect for families, young professionals, or investors looking to capitalize on the thriving rental market. Multi-family homes in Glendale come in various styles, from classic bungalows to modern apartments, ensuring that there’s something for everyone. With ample living space and shared amenities, these properties foster a sense of community while providing the comforts of home.

Glendale is also known for its excellent schools, beautiful parks, and a plethora of recreational activities, making it an attractive place for families to settle down. The city’s commitment to public safety and community engagement further enhances its appeal. Whether you’re looking to invest, expand your portfolio, or find a spacious home for your family, Glendale’s multi-family options provide a fantastic opportunity to thrive in a dynamic and welcoming environment. Discover the charm of Glendale and find your perfect multi-family home 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.