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

Welcome to the vibrant Glendale-Chevy Chase/E. Glenoaks neighborhood, a hidden gem nestled in the heart of Los Angeles County, California. Known for its picturesque tree-lined streets and a warm, welcoming community atmosphere, this area is a delightful blend of suburban tranquility and urban convenience. Residents enjoy easy access to a wealth of amenities, including charming local shops, diverse dining options, and beautiful parks that invite outdoor activities year-round.

One of the standout features of Glendale-Chevy Chase/E. Glenoaks is its diverse array of housing options, particularly the multi-family homes that cater to a variety of lifestyles. Whether you're a first-time homebuyer, an investor looking for rental opportunities, or a family seeking more space, you'll find that these multi-family properties offer both versatility and potential. Imagine living in a beautifully designed duplex or a well-maintained triplex, where you can enjoy the benefits of community living while also having the option to generate rental income.

The neighborhood is also steeped in rich cultural heritage, with a plethora of community events and festivals throughout the year that foster a strong sense of belonging. With top-rated schools and a family-friendly environment, Glendale-Chevy Chase/E. Glenoaks is not just a place to live; it's a place to thrive.

Explore the possibilities of multi-family living in this charming enclave, where every day brings new opportunities to connect, grow, and create lasting memories. Come experience the unique blend of comfort and community that awaits you in Glendale-Chevy Chase/E. Glenoaks!

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.