Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

5

Building size

3,000 sqft

Lot size

3,489 sqft

Year built

1955

Stories

2

Garage spaces

0

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

44

MLS #

245019843

About this property

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

Location

405 W Broadway

Glendale, Los Angeles, CA, 91204