1600 E Broadway
Property Overview
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
Home Details
- Property type
- Residential Income - Apartment
- Year built
- 1950
- Lot size
- 7,468 sq ft
- Stories
- 2
- Days on market
- 0
- MLS status
- Active
Features & Amenities
Pool
- None
Lot
- Sixteen To Twenty Units Acre
Community, Schools & Utilities
Utilities
- Heating
- ForcedAir
- Water
- Private
- Sewer
- PrivateSewer
Location & Neighborhood
Frequently Asked Questions About 1600 E Broadway
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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Crown Coastal Support Team
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