Glendale-Chevy Chase/E. Glenoaks (624) Homes with Multi Family Subtype

Welcome to the vibrant community of Glendale-Chevy Chase/E. Glenoaks, nestled in the heart of Los Angeles County, California. This charming neighborhood is known for its picturesque tree-lined streets, diverse culture, and a strong sense of community. With a rich history and a bright future, Glendale-Chevy Chase offers a delightful blend of suburban tranquility and urban convenience.

One of the standout features of this region is its variety of housing options, particularly multi-family homes. These properties cater to a wide range of lifestyles, making them an excellent choice for investors, families, and first-time homebuyers alike. Whether you’re looking for a cozy duplex, a spacious triplex, or a well-maintained fourplex, Glendale-Chevy Chase has something to suit your needs. The multi-family homes here not only provide an opportunity for potential rental income but also foster a close-knit community atmosphere where neighbors become friends.

Residents enjoy easy access to local parks, schools, and shopping centers, ensuring that daily conveniences are just a stone’s throw away. The area is also well-connected to major highways and public transportation, making it easy to explore all that Los Angeles has to offer.

With its unique blend of residential charm and urban accessibility, Glendale-Chevy Chase/E. Glenoaks is a hidden gem in Los Angeles County. Discover the possibilities that await you in this enchanting neighborhood, where multi-family homes are just one of the many appealing features that make it a great place to call home.

Newest Glendale-Chevy Chase/E. Glenoaks (624) 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

Start Your Search

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.