1344 E Broadway - Apartments FOR SALE


Glendale, CA 91205- Citrus Grove
$2,950,000 USD
818-635-3500
1344 E Broadway, Glendale, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/45
null | Request Cap Rate

1344 E Broadway
Glendale, CA 91205
Citrus Grove


OVERVIEW

1344 E Broadway, Glendale, CA 91205 | 5 Unit Multifamily Investment Opportunity Prime Glendale investment opportunity located at 1344 E Broadway, featuring a well positioned 5 unit multifamily apartment property in the heart of Glendale. The property consists of 2 separate buildings situated on the same parcel, offering approximately 4,836 square feet of total building area on an approximately 8,050 square foot lot. The property currently generates $23,850 in monthly rental income, providing investors with a strong in place income stream and potential for future upside. The property also includes an additional 8 units created through the division of existing units. No additional building square footage was added. For specific details regarding the additional units, unit configuration, rental income, and property layout, please contact the Listing Agent directly. Ideally located within walking distance to a variety of restaurants, shopping, entertainment, and everyday conveniences, as well as Glendale High School, The Americana at Brand, and Glendale Galleria. The central location provides convenient access to major streets, transportation, employment centers, and the many amenities Glendale has to offer. Property Highlights • 5 unit multifamily apartment property • 2 separate buildings on the same parcel • Additional 8 units created through division of existing units • No additional building square footage added • Approximately 4,836 SF total building area • Approximately 8,050 SF lot • Current rent roll of $23,850 per month • Prime central Glendale location • Walking distance to restaurants and shopping • Close proximity to Glendale High School • Minutes from The Americana at Brand and Glendale Galleria • Strong in place rental income • Excellent long term investment opportunity Please contact the Listing Agent for specific details regarding the additional 8 units, unit configuration, rental income, building layout, and other property information.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$696 USD /SF

# OF UNITS

13

PRICE/UNIT

$226,923

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1982

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

GLR4YY

APN/PARCEL ID

5680-002-031

ASK ABOUT THIS PROPERTY

Sean MadadianMagic RealtyMore Info
818-635-3500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Sean MadadianMagic RealtyMore Info
818-635-3500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.