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1530 E Broadway
For Sale $6,349,999
$6,349,999
- 16 Units
- Unknown Sq Ft
- 14,238 Sq Ft
- Unknown Cap Rate
Description
Prime value add investment opportunity in the heart of Glendale located at 1530 E Broadway. This 16 unit apartment building offers a strong in place rent roll with 15 of the 16 units currently occupied, providing immediate cash flow with a current cap rate of approximately 5.25 percent and additional upside potential.
Situated on a 14,306 sq ft lot with approximately 16,000 sq ft of living space, the property features an attractive 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 diverse unit mix supports stable tenancy while allowing for future rent growth across multiple unit types.
The property includes 11 on site parking spaces, with 11 units assigned parking and 5 units without assigned parking, presenting an opportunity to increase income through parking reconfiguration or monetization. Current operations offer a solid income stream while still allowing a new owner to capture rental upside and improve overall returns.
Ideally located near the 134 freeway with immediate access to major retail and employment centers including the Glendale Galleria and the Americana at Brand, the property benefits from strong rental demand and a highly desirable location.
This is a rare opportunity to acquire a well located multi family asset with strong in place income, approximately 5.25% percent cap rate, and clear value add potential in one of Glendale’s most sought after rental markets.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $6,349,999 |
| Property Type | Other |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1960 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5680025032 |
| MLS # | GD26081657 |
| Property ID | 292792516 |
| Lot Sqft | 14,238 |
| Zoning | Unknown |
| Total Units | 16 |
| Days on Market | 43 |
| Original List Price | $6,349,999 |
| Date Updated | April 16, 2026 |
| Date Created | April 13, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Sean Madadian an agent of . Lic #01066622
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of April 16, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT