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1530 E Broadway, Glendale, CA 91205
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1530 E Broadway Glendale, CA 91205

$5,350,000 Sold Price as of 10/02/2023
  • 32 Beds
  • 24 Baths
  • 16,000 Sq.Ft.
Sold
$5,350,000 Sold Price as of 10/02/2023 Refinance Your Mortgage
Map preview of 1530 E Broadway, Glendale, CA 91205

Property Overview: 1530 E Broadway Glendale, CA has 32 bedrooms, 24 bathrooms, 16,000 living square feet and 14,306 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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 | BRE #01887505 | Marcus & Millichap
Last checked: 4 minutes ago | Last updated: October 3rd, 2023 | Source CRMLS | DOM: 197

Home details

Lot Sq. Ft
14,306
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23243867
City
Glendale
County
Los Angeles
Time on Site
428 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,781
  • Total Rent: $7,123
  • Pro Forma/Market Rent: $8,000
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,987
  • Total Rent: $7,948
  • Pro Forma/Market Rent: $10,400
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,111
  • Total Rent: $8,443
  • Pro Forma/Market Rent: $10,000
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,155
  • Total Rent: $8,619
  • Pro Forma/Market Rent: $12,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.27%
  • Gross Rent Multiplier: 14.78
  • Gross Scheduled Income: --
  • Net Operating Income: $243,473
  • Gross Operating Income: $375,948
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1530 E Broadway

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Levels: Two
  • Window Features: Double Pane Windows
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Parking Space
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 16
  • Parcel Number: 5680025032
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: heading east on 134 freeway, take Harvey exit and make a right. Pass Wilson/Broadway. Property will be on your left hand side.
View more facts & features

Local Glendale Agent

Sale History for 1530 E Broadway

Last sold for $5,350,000 on October 2nd, 2023

  • October, 2023

  • Oct 2, 2023

    Date

    Sold

    CRMLS: 23243867

    $5,350,000

    Price

  • Feb 10, 2023

    Date

    Active

    CRMLS: 23243867

    $5,800,000

    Price

  • July, 2013

  • Jul 5, 2013

    Date

    Sold (Public Records)

    Public Records

    $3,000,030

    Price

  • October, 2004

  • Oct 22, 2004

    Date

    Sold (Public Records)

    Public Records

    $2,700,000

    Price

Show More

Tax History for 1530 E Broadway

Assessed Value (2020): $3,362,682
Year Land Value Improved Value Assessed Value
2020 $2,017,611 $1,345,071 $3,362,682

Home Value Compared to the Market

This property vs the competition

1530 E Broadway sold on October 2, 2023 for 475.76% higher than the current median sold price for the city of Glendale which is $990,000. The median sold price per/sqft for Glendale is $692 and this home is sold at $356.25 per/sqft which puts the price per square foot 48.52% lower than the current median sale per square foot for the city of Glendale.

About 1530 E Broadway

Detailed summary of property

1530 E Broadway is a multi family that recently sold in Glendale, CA 91205. This multi family property offered 32 bedrooms, 24 bathrooms, roughly 16,000 living square feet, and sits on an approximately 14,306 square foot lot. 1530 E Broadway was first listed on ArdentRealEstateGroup.com on February 22, 2023. The homeowner sold the property for $5,350,000. Home in Glendale are selling for a median price of $990,000 and a median price per square foot of $692. Based on Ardent Real Estate Group's Glendale Market Data, this home is sold 475.76% higher than the current median priced home. Local homes that are currently for sale include 515 N El Molino Ave, 500 S Union Ave and 201 N Normandie Ave. While the average home in Glendale, CA is selling in 72 days, 1530 E Broadway has a days on market of 197 days. There are currently 172 homes for sale in the Glendale real estate market and 107 of them are single family homes while 53 of them are condos and 11 are townhomes. For more information on this home for sale at 1530 E Broadway Glendale, CA 91205 contact Ardent Real Estate Group and we will put you in touch with one of our Glendale agents.

Public Facts for 1530 E Broadway

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
16,000
Lot Size
14,305
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11,75
APN
5680-025-032

The source for these homes facts are from public records.

91205 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$789
Median Sold Price
$485,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
18
Median Sale to List Price %
102.11%
Avg Days on Market
9
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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