Glendale Multifamily Investment
1530 E Broadway Glendale, CA 91205
1530 E Broadway, Glendale, CA, 91205
$5,999,999
For Sale
$5,999,999
16-unit apartment building in Glendale with value-add potential.
Property Size16,000 SF
Lot Size0.33 Acres
Price / SF$374
Days on Market85
Property Features for 1530 E Broadway
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Lot size
- 0.33 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing Agency
Magic Realty
(818) 635-3500
Listed by
Sean Madadian · License #01066622
(818) 635-3500
Source
Elliman
Added: Apr 24 Checked: Jul 17 at 3:01 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Magic Realty
Investment Insights
Based on property information with market context.
Located in Glendale, this 16-unit apartment building at 1530 E Broadway presents a value-add investment opportunity. The property features a strong in-place rent roll, with 15 of the 16 units currently occupied, providing immediate cash flow. The current cap rate is approximately 5.25 percent. Situated on a 14,306 sq ft lot with approximately 16,000 sq ft of living space, the property has a unit mix of four 3-bedroom 2-bathroom units, four 2-bedroom 2-bathroom units, four 2-bedroom 1-bathroom units, and four 1-bedroom 1-bathroom units. The property includes 11 on-site parking spaces, with 11 units assigned parking and 5 units without assigned parking. The property is ideally located near the 134 freeway with immediate access to major retail and employment centers including the Glendale Galleria and the Americana at Brand.
Key Highlights
- Prime Glendale location near the 134 freeway and major retail/employment centers.
- Strong in‑place rent roll with 15 of 16 units occupied, providing immediate cash flow.
- Value‑add opportunity with potential to increase rents and improve returns.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $585.6k | $36.60 |
| − Vacancy | −$38.1k | −$2.38 |
| EGI | $547.5k | $34.22 |
| − OpEx | −$246.4k | −$15.40 |
| NOI | $301.1k | $18.82 |
16,000 SF · lease $36.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.30M
$3.76M – $5.02M
NOI $301,145 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.62M
$8.42M – $11.23M
NOI $673,596 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Al-Barro Foundation
Charitable Organization
Helpless Ministries
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 16-unit apartment building in Glendale with value-add potential.
Where is this apartment building located?
The property is located at 1530 E Broadway Glendale, CA.
What is the asking price?
The asking price for this property is $5,999,999.
What are key features of this property?
This property features: Prime Glendale location near the 134 freeway and major retail/employment centers.; Strong in‑place rent roll with 15 of 16 units occupied, providing immediate cash flow.; Value‑add opportunity with potential to increase rents and improve returns.
