1600 E Broadway - Apartments FOR SALE


Glendale, CA 91205- Citrus Grove | 
$4,450,000 USD
818-224-7949
1600 E Broadway, Glendale, CA for Sale
$4,450,000 USD
Apartments - FOR SALE
1/10
null | 5.66% Cap Rate

1600 E Broadway
Glendale, CA 91205
Citrus Grove


HIGHLIGHTS

  • 84 WalkScore
  • Lowest CPU in Glendale, post 1928
  • Corner lot, upside in rent, long term owner
  • Offered for the first time in 40 years

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

18

PRICE/UNIT

$247,222

CAP RATE

5.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,449 SF

ZONING

GLR4YY

APN/PARCEL ID

5680-027-009

ASK ABOUT THIS PROPERTY

Levon AlexanianAlexanian Apartment AdvisorsMore Info
818-224-7949

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Levon AlexanianAlexanian Apartment AdvisorsMore Info
818-224-7949

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