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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$4,450,000

Est. payment - /mo

7,466 Sqft Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26210960

HOA Y/N No

Year Built 1950

Lot Size 7,466 Sqft

Property Sub-Type Apartment

Property Description

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

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Interior

Heating Forced Air

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Biking, Curbs, Foothills, Golf, Hiking

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Sewer Private Sewer

Water Private

New Construction No

Others

Senior Community No

Tax ID 5680027009

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Levon Alexanian Keller Williams World Media Center info@alexanianadvisors.com, DRE #00911091

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1600 E Broadway Glendale, CA 91205