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

Welcome to the charming neighborhood of Glendale-Chevy Chase/E. Glenoaks, a hidden gem nestled in the heart of Los Angeles County, California. This vibrant community is known for its picturesque tree-lined streets, friendly atmosphere, and a rich blend of cultures that make it a delightful place to call home.

Glendale-Chevy Chase boasts a diverse array of amenities, from quaint local shops to bustling markets, ensuring residents have everything they need right at their doorstep. Families will appreciate the excellent educational institutions nearby, as well as numerous parks and recreational facilities that offer plenty of opportunities for outdoor activities. The region is also conveniently located, providing easy access to major freeways, making commutes to downtown Los Angeles and other nearby attractions a breeze.

For those interested in investing in real estate, this area offers a unique opportunity with its multi-family homes. With a growing demand for rental properties, the multi-family subtype in Glendale-Chevy Chase presents an attractive option for both seasoned investors and first-time buyers. These properties not only provide a potential source of income but also foster a sense of community, as neighbors come together in shared spaces.

Whether you’re looking to settle down in a cozy duplex or seeking a larger multi-family unit, Glendale-Chevy Chase/E. Glenoaks has something for everyone. Embrace the charm of this vibrant neighborhood and discover the perfect home that fits your lifestyle. Experience the blend of comfort, convenience, and community that awaits you in this lovely part of Glendale!

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

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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.