Sold
1530 E Broadway
Glendale CA, 91205
$5,350,000
$334.38 per sqft
Sold
32 Beds
24 Baths
16,000 sqft
Residential
Built in 1960
Listed by Sevak Keshishian with Marcus & Millichap 818-212-2700
We are pleased to present 1530 E. Broadway, a 16-unit apartment building located in the Citrus Grove neighborhood of Glendale. Built in 1960, this well maintained asset is comprised of balanced unit mix that includes (4) 1bed/1bath, (4) 2bed/1bath, (4) 2bed/2bath, and (4) 3bed/2bath units. Many of the units have received upgrades over the years that include laminate flooring, stone countertops, renovated kitchen cabinetry, bathroom upgrades and new windows. The property has gated access, on-site laundry, and 10 parking spaces. The roof was replaced in 2015 and receives annual maintenance to preserve its integrity. Tenancy at the property has been very stable over the years and current rents are about 32% below market rates. A new investor will have the ability to achieve market rents through annual rental increases (5%+ CPI) and implementing unit renovations when vacancies arise. Located just east of Verdugo Road, 1530 E. Broadway is within walking distance to Glendale High School. Tenants of the property are within a short driving distance to the shops and restaurants at Glendale Galleria, & Americana on Brand. It's proximity to the 2 and 134 freeways allows for ease of access to multiple health care centers in the city along with neighboring cities such as Eagle Rock, Pasadena, Atwater Village, Burbank, Downtown Los Angeles, and many other.
23243867
MLSⓇ ID
February 10, 2023
Listed
March 23, 2024
Updated
Map
1530 E Broadway
Glendale CA, 91205
Interior Features
Total Stories
2
Bedrooms
32 Beds
Bathrooms
24 Baths
Appliances
Microwave, Refrigerator
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.33 Acres
Other Property Details
Area Name
628 - Glendale-South of 134 Fwy
Days on Market
197
Garage
No
Parking
One Space
Parking Total
10
View
No
County
Los Angeles
Water Source
Public
Pool
No
Zoning
R2250
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
10/3/2023 | Price Change | $5,350,000 -7% |
10/3/2023 | Sold | $5,350,000 |
8/29/2023 | Pending | — |
6/23/2023 | Price Change | $5,700,000 -2% |
Listing Contact: 818-212-2700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:32 AM UTC