405 W Broadway - Apartments FOR SALE


Glendale, CA 91204- Vineyard
$1,849,999 USD
405 W Broadway, Glendale, CA for Sale
$1,849,999 USD
Apartments - FOR SALE
1/30
null | 5.08% Cap Rate

405 W Broadway
Glendale, CA 91204
Vineyard


HIGHLIGHTS

  • Fully renovated units
  • Centrally located in Glendale
  • Upside Rent potential

OVERVIEW

Looking for a high-yield, turnkey real estate investment in Los Angeles County? This exceptional, fully renovated 5-unit income property for sale in Glendale, CA offers a rare value-add and house-hacking opportunity in a high-demand rental market. Located in a prime, walkable Glendale neighborhood, the multi-family asset consists of 4 upgraded 1-bedroom, 1-bathroom apartment units plus a fully permitted, attached 1-bedroom, 1-bathroom Accessory Dwelling Unit (ADU), combining strong immediate rental income with stellar long-term investment upside. Every unit has undergone extensive capital improvements, featuring modern interior finishes, updated energy-efficient dual-pane windows, brand-new individual mini-split heating and cooling systems, and a newer 400-amp electrical panel to eliminate deferred maintenance costs. A standout architectural feature includes a large, private outdoor deck off one of the front upstairs units, commanding top-tier tenant demand. With strong current rental numbers and most units conveniently sitting on flexible month-to-month leases, investors gain immediate operational flexibility to optimize the rent roll, adjust to market rates, or execute a 1031 exchange strategy. Perfectly situated just minutes from downtown Glendale’s premier employment hubs, The Americana at Brand, the Glendale Galleria, and iconic local staples like Porto’s Bakery, this low-maintenance asset delivers the perfect balance of stable cash flow and future appreciation potential. Schedule your private tour today and bring your offers! Tenants pay for all utilities, Landlord pays for trash and sewer

FOR SALE DETAILS

PRICE

$1,849,999 USD

PRICE/SF

$854 USD /SF

# OF UNITS

5

PRICE/UNIT

$370,000

CAP RATE

5.08%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,489 SF

ZONING

GLC3

APN/PARCEL ID

5637-015-024

ASK ABOUT THIS PROPERTY

Carolin AlaverdianBalboa Real EstateMore Info

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Carolin AlaverdianBalboa Real EstateMore Info

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