Glendale-Chevy Chase/E. Glenoaks (624) Homes with Multi Family Subtype

Welcome to the vibrant and inviting community of Glendale-Chevy Chase/E. Glenoaks, nestled in the heart of Los Angeles County, California. This charming neighborhood is renowned for its diverse culture, picturesque streets, and a strong sense of community, making it an ideal place for families, professionals, and investors alike.

Glendale-Chevy Chase/E. Glenoaks boasts a rich tapestry of architectural styles, with homes that reflect both classic Californian charm and modern aesthetics. Among the most sought-after properties in this area are multi-family homes, which offer a unique opportunity for those looking to invest in real estate. These properties not only provide potential rental income but also foster a sense of community by accommodating multiple families in a single location.

The neighborhood is conveniently located near key amenities, including schools, parks, shopping centers, and dining options, making it an attractive place to call home. Residents enjoy easy access to major highways and public transportation, ensuring that the vibrant city life of downtown Los Angeles is just a short drive away.

The local schools are highly rated, and the parks are perfect for family outings, providing ample opportunities for outdoor activities. The community hosts various events throughout the year, enhancing the neighborhood's friendly atmosphere and promoting connections among residents.

Whether you’re looking to invest in a multi-family property or find a cozy home for your family, Glendale-Chevy Chase/E. Glenoaks is a wonderful place to explore your options. Experience the charm of this delightful neighborhood and discover why so many choose to call it home!

Newest Glendale-Chevy Chase/E. Glenoaks (624) 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.