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405 W Broadway 5 Unit Apartment Building $1,849,999 ($370,000/Unit) 5.08% Cap Rate Glendale, CA 91204
Investment Highlights
- Fully renovated units
- Upside Rent potential
- Centrally located in Glendale
Executive Summary
Looking for a high-yield, turnkey real estate investment in Los Angeles County? This exceptional, fully renovated 5-unit income property for sale in Glendale, CA offers a rare value-add and house-hacking opportunity in a high-demand rental market. Located in a prime, walkable Glendale neighborhood, the multi-family asset consists of 4 upgraded 1-bedroom, 1-bathroom apartment units plus a fully permitted, attached 1-bedroom, 1-bathroom Accessory Dwelling Unit (ADU), combining strong immediate rental income with stellar long-term investment upside.
Every unit has undergone extensive capital improvements, featuring modern interior finishes, updated energy-efficient dual-pane windows, brand-new individual mini-split heating and cooling systems, and a newer 400-amp electrical panel to eliminate deferred maintenance costs. A standout architectural feature includes a large, private outdoor deck off one of the front upstairs units, commanding top-tier tenant demand.
With strong current rental numbers and most units conveniently sitting on flexible month-to-month leases, investors gain immediate operational flexibility to optimize the rent roll, adjust to market rates, or execute a 1031 exchange strategy. Perfectly situated just minutes from downtown Glendale’s premier employment hubs, The Americana at Brand, the Glendale Galleria, and iconic local staples like Porto’s Bakery, this low-maintenance asset delivers the perfect balance of stable cash flow and future appreciation potential. Schedule your private tour today and bring your offers!
Tenants pay for all utilities, Landlord pays for trash and sewer
Every unit has undergone extensive capital improvements, featuring modern interior finishes, updated energy-efficient dual-pane windows, brand-new individual mini-split heating and cooling systems, and a newer 400-amp electrical panel to eliminate deferred maintenance costs. A standout architectural feature includes a large, private outdoor deck off one of the front upstairs units, commanding top-tier tenant demand.
With strong current rental numbers and most units conveniently sitting on flexible month-to-month leases, investors gain immediate operational flexibility to optimize the rent roll, adjust to market rates, or execute a 1031 exchange strategy. Perfectly situated just minutes from downtown Glendale’s premier employment hubs, The Americana at Brand, the Glendale Galleria, and iconic local staples like Porto’s Bakery, this low-maintenance asset delivers the perfect balance of stable cash flow and future appreciation potential. Schedule your private tour today and bring your offers!
Tenants pay for all utilities, Landlord pays for trash and sewer
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$117,600
|
$54.27
|
| Other Income |
$1,200
|
$0.55
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$118,800
|
$54.82
|
| Taxes |
$14,000
|
$6.46
|
| Operating Expenses |
$11,300
|
$5.21
|
| Total Expenses |
$25,300
|
$11.68
|
| Net Operating Income |
$93,500
|
$43.15
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $117,600 |
| Annual Per SF | $54.27 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.55 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $118,800 |
| Annual Per SF | $54.82 |
| Taxes | |
|---|---|
| Annual | $14,000 |
| Annual Per SF | $6.46 |
| Operating Expenses | |
|---|---|
| Annual | $11,300 |
| Annual Per SF | $5.21 |
| Total Expenses | |
|---|---|
| Annual | $25,300 |
| Annual Per SF | $11.68 |
| Net Operating Income | |
|---|---|
| Annual | $93,500 |
| Annual Per SF | $43.15 |
Property Facts
Amenities
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5637-015-024 | Total Assessment | $1,273,448 |
| Land Assessment | $764,069 | Annual Taxes | $14,000 ($4.67/SF) |
| Improvements Assessment | $509,379 | Tax Year | 2025 |
Property Taxes
Parcel Number
5637-015-024
Land Assessment
$764,069
Improvements Assessment
$509,379
Total Assessment
$1,273,448
Annual Taxes
$14,000 ($4.67/SF)
Tax Year
2025
Contact
-
Carolin Alaverdian -
Balboa Real Estate
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405 W Broadway
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