Glendale Homes with Multi Family Subtype

Glendale Homes with Multi Family Subtype

Welcome to Glendale, California—a vibrant city nestled in the heart of Los Angeles County, known for its rich cultural diversity, stunning mountain views, and a strong sense of community. With its picturesque neighborhoods, excellent schools, and an array of parks and recreational facilities, Glendale offers an ideal environment for families, young professionals, and retirees alike. The city's central location provides easy access to the bustling urban life of Los Angeles while maintaining a charming suburban feel.

One of the standout features of Glendale's real estate market is its selection of multi-family homes. These properties are perfect for investors looking to maximize their rental income or for families seeking a home with additional living space. Multi-family homes in Glendale range from cozy duplexes to larger apartment buildings, catering to various needs and budgets. With the city's steady demand for rental properties, investing in multi-family homes here can be both a smart financial move and a way to contribute to the thriving community.

Glendale's multi-family homes are often situated in desirable neighborhoods, offering residents close proximity to shopping centers, dining options, and public transportation. The city's commitment to maintaining green spaces and promoting community engagement enhances the living experience in multi-family properties, making them an attractive option for those looking to settle in this dynamic area.

Whether you’re an investor or a prospective homeowner, Glendale’s multi-family homes present a unique opportunity to enjoy the best of California living while benefiting from a strong rental market. Explore the possibilities today and discover the charm of Glendale!

Newest Glendale Homes with Multi Family Subtype

$5,999,999
GD26081657 MLS Active Status
Prime value add investment opportunity in the heart of Glendale located at 1530 E Broadway. This 16 unit apartment building offers a strong in place rent roll with 15 of the 16 units currently occupied, providing immediate cash flow with a current cap rate of approximately 5.25 percent and additional upside potential. Situated on a 14,306 sq ft lot with approximately 16,000 sq ft of living space, the property features an attractive unit mix of four 3 bedroom 2 bathroom units, four 2 bedroom 2 bathroom units, four 2 bedroom 1 bathroom units, and four 1 bedroom 1 bathroom units. The diverse unit mix supports stable tenancy while allowing for future rent growth across multiple unit types. The property includes 11 on site parking spaces, with 11 units assigned parking and 5 units without assigned parking, presenting an opportunity to increase income through parking reconfiguration or monetization. Current operations offer a solid income stream while still allowing a new owner to capture rental upside and improve overall returns. Ideally located near the 134 freeway with immediate access to major retail and employment centers including the Glendale Galleria and the Americana at Brand, the property benefits from strong rental demand and a highly desirable location. This is a rare opportunity to acquire a well located multi family asset with strong in place income, approximately 5.25% percent cap rate, and clear value add potential in one of Glendale’s most sought after rental markets.

1530 E Broadway, Glendale

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.