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 Market154
Property Features for 1530 E Broadway
General Information
Standard status
Active
Size
16,000 SF
Lot size
0.33 Acres
Property subtype
Multi Family
Building Details
Building Size
16,000 SF
Year Built
1960
Listing Agency:
Magic Realty
Listed By:
Sean Madadian · License #01066622
(818) 240-8080
Source:
Hopewayrealtygroup
Added: Apr 16
Changed: Sep 3
Last Checked: Sep 15 at 9:18AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$301,145
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,022,900
$6.0M
Cap Rate 7%
$4,302,071
$4.3M
Cap Rate 9%
$3,346,056
$3.3M
Market Conditions
NOI Build-Up for 16,000 SF
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.
Gross rent
$585.6K $36.60/SF
− Vacancy
−$38.1K −$2.38/SF
EGI
$547.5K $34.22/SF
− OpEx
−$246.4K −$15.40/SF
NOI
$301.1K $18.82/SF
Area
Glendale, CA
Vacancy
6.50%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,022,900
Cap Rate 7%
$4,302,071
Cap Rate 9%
$3,346,056
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,623
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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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.
