1502 E Broadway Multifamily Building
ABOUT 1502 E BROADWAY , GLENDALE , CA 91205
| Price | Not Individually For Sale |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.32 AC |
| Parking Ratio | 1.06/1,000 SF |
EXECUTIVE SUMMARY
Built in 1954, 1502 East Broadway and 121 Maynard Street are comprised of approximately 15,454 rentable square feet. This non-rent controlled asset's unit mix is attractive: 31 one-bedroom/one-bath units and one two-bedroom/one-bath units. The one-bedroom units range from 450-650 square feet and the two-bedroom is approximately 700 square feet. Tenants enjoy on-site parking and laundry facilities.
Additionally, the building appears to have nearly 100 percent copper plumbing and each unit has their own individual hot water heater. The property is individually metered for gas and electric.
Since the current owner purchased the building in 2005, there has been a consistent history of maintenance, including the following as units become vacant: new title flooring, carpet, ceiling fans, breakfast bars, new fixtures and upgraded title surrounding bath tubs.
Situated near the 134 and 2 freeway and the Glendale Adventist Medical Center,this opportunity presents a unique opportunity to acquire a benchmark property in a prime Glendale location, with significant opportunity to raise rents.
Additionally, the building appears to have nearly 100 percent copper plumbing and each unit has their own individual hot water heater. The property is individually metered for gas and electric.
Since the current owner purchased the building in 2005, there has been a consistent history of maintenance, including the following as units become vacant: new title flooring, carpet, ceiling fans, breakfast bars, new fixtures and upgraded title surrounding bath tubs.
Situated near the 134 and 2 freeway and the Glendale Adventist Medical Center,this opportunity presents a unique opportunity to acquire a benchmark property in a prime Glendale location, with significant opportunity to raise rents.
