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1542 E Broadway
Glendale, CA 91205 Citrus Grove

$2,100,000 USD

Apartments For Sale  •  5,484 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,484 SF
  • Lot Size 0.19 AC
  • Building Class C
  • Year Built 1937
  • Cap Rate 5.59 %
  • Zoning R4, Glendale
60 Transit Score
70 Walk Score

Highlights

• All One-Bedroom Units Averaging Nearly 700 SF
• One Unit to be Delivered Vacant
• Four Tenants are Eligible for Rent Increases
• Potential for ADUs
• Short Distance from Glendale College and Occidental College
• Landlord Friendly City – Glendale is Subject to AB1482

Financial Summary (Actual)

Net Operating Income: $117,326 USD (2026)
Cap Rate: 5.59 %
Total Expenses: $54,306 USD

Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Gated
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Freezer
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 4.1 mi
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 6.8 mi
AirportDriveWalkDistance
Bob Hope 19 min - 12.2 mi
Los Angeles International 36 min - 26.1 mi
Long Beach (Daugherty Field) 40 min - 29.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Surface
Included in Rent: Yes
Sevak Keshishian 818-212-2694 The SK Group of Marcus & Millichap
Sevak Keshishian 818-212-2694 The SK Group of Marcus & Millichap