405 W Broadway, Glendale, CA 91204
- $1,849,000
- List Price
- $1,849,000
- Status
- ACTIVE
- MLS#
- PF26157951
- Year Built
- 1955
- Lot Size
- 3,489
- Acres
- 0.08
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 7
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Looking for a high-yield, turnkey real estate investment in Los Angeles County? This exceptional, fully renovated 5-unit income property for sale in Glendale, CA offers a rare value-add and house-hacking opportunity in a high-demand rental market. Located in a prime, walkable Glendale neighborhood, the multi-family asset consists of 4 upgraded 1-bedroom, 1-bathroom apartment units plus a fully permitted, attached 1-bedroom, 1-bathroom Accessory Dwelling Unit (ADU), combining strong immediate rental income with stellar long-term investment upside. Every unit has undergone extensive capital improvements, featuring modern interior finishes, updated energy-efficient dual-pane windows, brand-new individual mini-split heating and cooling systems, and a newer 400-amp electrical panel to eliminate deferred maintenance costs. A standout architectural feature includes a large, private outdoor deck off one of the front upstairs units, commanding top-tier tenant demand. With strong current rental numbers and most units conveniently sitting on flexible month-to-month leases, investors gain immediate operational flexibility to optimize the rent roll, adjust to market rates, or execute a 1031 exchange strategy. Perfectly situated just minutes from downtown Glendale’s premier employment hubs, The Americana at Brand, the Glendale Galleria, and iconic local staples like Porto’s Bakery, this low-maintenance asset delivers the perfect balance of stable cash flow and future appreciation potential. Schedule your private tour today and bring your offers! Tenants pay for all utilities, Landlord pays for trash and sewer
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Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $115,200
- Operating Expense
- 25467
Listing courtesy of Listing Agent: Carolin Alaverdian (realestatebycarolin@gmail.com) from Listing Office: Coldwell Banker Realty.
Mortgage Calculator
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.