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Listed by Carolin Alaverdian, DRE #01929505 • Coldwell Banker Realty
$ 1,849,000
Est. payment /mo
Active
405 W Broadway Glendale, CA 91204
3,489 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPF26157951
Year Built 1955
Lot Size 3,489 Sqft
Source California Regional MLS
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,
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Heating Central Forced Air
Cooling Central AC
Laundry In Laundry Room, Laundry Area
Exterior
Parking Features No Parking, Off-Street Parking
Pool None
Building
Water District - Public
Others
Tax ID 5637015024
Special Listing Condition Not Applicable
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