About This Home
This 0-bedroom, 1-bathroom multi-family at 1600 E Broadway in Glendale, CA is listed for $4,450,000. Built in 1950, on a 0.17 acres lot.
Key Features
- Built in 1950
- 0.17 acre lot
- 2 stories
Property Details
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
Monthly Cost Estimate
$23,800/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1600 E Broadway
Glendale, CA 91205
Property Details
Heating
Questions & Answers
This 0-bedroom, 1-bathroom multi-family at 1600 E Broadway is listed at $4,450,000. The estimated monthly payment is $23,800 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1950, 0.17 acre lot, 2 stories.
This property is listed by Levon Alexanian and can be reached at (818) 239-3500.