Glendale Multifamily Investment
For Sale
$5,999,999
1530 E Broadway, Glendale, CA 91205
16-unit apartment building in Glendale with value-add potential.
Property Size16,000 SF
Lot Size0.33 Acres
Price / SF$374
Days on Market99
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
Changed: Jul 10
Last Checked: Jul 30 at 6:48AM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,961
Businesses Nearby
Explore this area
Business Placement
Demographics for 91205, CA
36,693
Population
14,424
Households
2.5
Avg Household Size
41
Median Age
39%
College-Educated
84%
High-School Grad
1.9 sq mi
ZIP Area
19,312
Density / Sq Mi
$59,005
Median Household Income
$42,393
Median Earnings
$1,890
Median Rent
$763,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
