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$ 2,100,000
Est. payment /mo
Active Under Contract
1542 E Broadway Glendale, CA 91205
8 Beds
8 Baths
5,484 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,484 sqft
Price per Sqft $382
MLS Listing ID 26661137
Bedrooms 8
HOA Y/N No
Year Built 1937
Lot Size 8,093 Sqft
Property Description
We are pleased to present the opportunity to acquire 1542 E. Broadway, an 8-unit multifamily property located in the desirable Citrus Grove neighborhood of Glendale, California. Constructed in 1937, this beautifully maintained Spanish-style apartment building is comprised of eight one-bedroom/one-bathroom units with an average unit size of nearly 700 square feet. With one unit currently vacant, a new investor has the opportunity to immediately renovate and achieve market rent, while also capturing an additional 16% rental upside across the remaining units. The property features an on-site laundry room, separate meters for gas and electricity, and individual hot water heaters for each unit. Additionally, the property includes a detached carport and adjacent three-car private garage with side-street access, presenting a compelling opportunity for an investor to explore Accessory Dwelling Unit (ADU) development to significantly increase rental income and long-term property value (Buyer to verify). Situated south of E. Broadway, north of Colorado Boulevard, and west of S. Verdugo Road, the property offers convenient access to the 134 and 2 Freeways, providing commuters with direct connectivity to North Glendale, the San Gabriel Valley, and Downtown Los Angeles. The property is also located just minutes from the vibrant retail and dining corridors along Colorado Boulevard, as well as premier shopping destinations including the Americana at Brand and the Glendale Galleria. For students and faculty, the property is within proximity to Glendale Community College and Occidental College in nearby Eagle Rock, further supporting strong and consistent rental demand.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR4YY
Interior
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Door-Multi, Detached Carport, Garage
Garage Spaces 3.0
Carport Spaces 3
Garage Description 3.0
Total Parking Spaces 6
Building
Entry Level Two
Architectural Style Spanish
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5680025029
Special Listing Condition Standard
Listed by Marcus & Millichap #01887505
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