Description

We are pleased to introduce for acquisition for the first time in 40 years, the Broadway Studios, 18 units located in Glendale with a WalkScore of 84. The property offers investors meaningful scale at an attractive basis in one of the most supply-constrained multifamily markets in Los Angeles County. The offering combines strong current yield with long-term positioning in a highly walkable Glendale location, approximately 1.5 miles from The Americana at Brand, and walking distanceto In-N-Out Burger, Glendale Adventist Hospital & Glendale High School. A compelling opportunity to acquire scale in one of Glendale’s most established rental markets, at quite possibly the lowest entry price per unit offering. • $4,450,000 Asking Price • $247,222 Per Unit • 5.66% Cap Rate • 11,316 SF Building • Spacious Floorplans • Walk Score: 84

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Property information

Property type

Residential Income

Sub-type

Apartment

Year built

1950

Living area

11,316 Sq Ft

Lot size

0.17 acres

Price / Sq Ft

$393

Days on market

5

Stories

2

Parcel number

5680027009

Features

Heating

Forced Air

Laundry

Common Area

Community

Curbs · Golf

Sewer / Water

Private Sewer · Private