1530 East Broadway
1530 East Broadway
$5,350,000
32
24
16,000
16,000
$334
Sold 10/2/23
Description
We are pleased to present 1530 E. Broadway, a 16-unit apartment building located in the Citrus Grove neighborhood of Glendale. Built in 1960, this well maintained asset is comprised of balanced unit mix that includes (4) 1bed/1bath, (4) 2bed/1bath, (4) 2bed/2bath, and (4) 3bed/2bath units. Many of the units have received upgrades over the years that include laminate flooring, stone countertops, renovated kitchen cabinetry, bathroom upgrades and new windows. The property has gated access, on-site...We are pleased to present 1530 E. Broadway, a 16-unit apartment building located in the Citrus Grove neighborhood of Glendale. Built in 1960, this well maintained asset is comprised of balanced unit mix that includes (4) 1bed/1bath, (4) 2bed/1bath, (4) 2bed/2bath, and (4) 3bed/2bath units. Many of the units have received upgrades over the years that include laminate flooring, stone countertops, renovated kitchen cabinetry, bathroom upgrades and new windows. The property has gated access, on-site laundry, and 10 parking spaces. The roof was replaced in 2015 and receives annual maintenance to preserve its integrity. Tenancy at the property has been very stable over the years and current rents are about 32% below market rates. A new investor will have the ability to achieve market rents through annual rental increases (5%+ CPI) and implementing unit renovations when vacancies arise. Located just east of Verdugo Road, 1530 E. Broadway is within walking distance to Glendale High School. Tenants of the property are within a short driving distance to the shops and restaurants at Glendale Galleria, & Americana on Brand. It's proximity to the 2 and 134 freeways allows for ease of access to multiple health care centers in the city along with neighboring cities such as Eagle Rock, Pasadena, Atwater Village, Burbank, Downtown Los Angeles, and many other.
- Listed by Sevak Keshishian • DRE #01887505 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 1530 East Broadway
Zoning
R2250
Parcel Number5680025032
Total Units16.0
Living Area16000
Source Living AreaVendor Enhanced
AreaGlendale-South of 134 Fwy (628)
Vacancy Rate0
Lot Size Area14306
Location
LISTING UPDATED: 10/02/2023 04:59 PM
Property Details for 1530 East Broadway
Status | Sold |
---|---|
MLS # | 23-243867 |
Days on Market | 197 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1960 |
Lot Size | 0.33 AC / 14,306 SF |
County | Los Angeles County |
Location
Building Information for 1530 East Broadway
Stories2Residences-Year Built1960Building Size-Lot Size0.33 AC / 14,306 SF
Payment Calculator
$32,545 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1530 East Broadway
Property History for 1530 East Broadway
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1530 East Broadway
Taxable ValueLand$2,120,868Additions$1,413,908Total$3,534,776
Tax Record2023$40,179 ($3,348 / month)
Home Facts
Total Finished SqFt16,000 SqFtAbove Grade Finished SqFt16,000 SqFtLot Size14,306 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningGLR4YYCountyLOS ANGELESAPN5680-025-032
Schools near 1530 East Broadway
This home is within Glendale Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
John Marshall Elementary School PublicK to 5 | ||
Woodrow Wilson Middle School Public6 to 8 | ||
Glendale High School Public9 to 12 | ||
Daily (Allan F.) High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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