The Alexanian Apartment Advisors are please to present for acquisition for the first time in 40 years, the Broadway Studios in Glendale.
Comprised entirely of 18 oversized studio residences averaging approximately 650 square feet, 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.
• 18 Units
• $4,450,000 Asking Price
• $247,222 Per Unit
• 5.66% Cap Rate
• 11,316 SF Building
• Large Studio Floorplans
• Walk Score: 84
A compelling opportunity to acquire scale in one of Glendale’s most established rental markets.
For offering materials or additional information, contact Greg Alexanian.