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. Renowned for its picturesque neighborhoods, rich cultural diversity, and proximity to the bustling city of Los Angeles, Glendale offers a unique blend of suburban charm and urban convenience. With its stunning mountain views, beautiful parks, and a thriving arts scene, it’s no wonder that Glendale has become a sought-after destination for families and professionals alike.

One of the standout features of Glendale's real estate market is its impressive selection of multi-family homes. These properties, which cater to a variety of lifestyles and investment opportunities, are perfect for those seeking to maximize their living space or generate rental income. Whether you're looking for a cozy duplex, a spacious triplex, or a larger apartment complex, Glendale's multi-family homes provide an excellent opportunity to invest in a flourishing community.

Living in a multi-family home in Glendale means enjoying the benefits of community living while still having your own space. Many of these homes are strategically located near excellent schools, shopping districts, and public transportation, making it easy to access everything this vibrant city has to offer. Plus, the diverse culinary scene, trendy boutiques, and recreational activities are just a stone's throw away.

With its strong sense of community and a variety of housing options, Glendale is an ideal place for both homeowners and investors. Discover the charm of Glendale and explore the possibilities that await you in its multi-family homes 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

Start Your Search

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.