405 W Broadway, Glendale, California 91204, Glendale, 91204 - 0 bed, 0 bath
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Glendale, California 91204
This Turnkey 5-Unit Residential Income Asset is listed at $1,999,998, representing a high-quality acquisition aligned with its $1,889,417 Fair Market Value. The property holds a Turnkey Condition Rating following extensive renovations, including modern mini-split HVAC systems, updated windows, and a new 400-amp electrical panel. Comprising four 1/1 units and an attached ADU, the asset offers immediate rental flexibility via month-to-month terms and a large private deck. Located within the Glendale Unified School District, this stable property is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance investment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 405 W Broadway Subject | $1,895,000* List Price | 0 | 0 | 3,000 | $605 | - |
A 432 W Garfield Avenue Active Under Contract | $1,850,000 List Price | 7 | 6 | 3,402 | $544 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is a fully renovated turnkey asset featuring modern interior finishes, updated kitchens and bathrooms, new flooring, and significant infrastructure upgrades including a newer 400-amp electrical panel and efficient mini-split HVAC systems in all units.
The property is fully renovated with modern finishes, updated windows, and a new 400-amp electrical panel, offering a turnkey asset with minimal deferred maintenance.
Most units are currently on month-to-month terms, providing an investor with the immediate flexibility to adjust rents to market rates or reposition the tenant base.
Each unit is equipped with efficient mini-split heating and cooling systems, a significant upgrade that enhances tenant comfort and reduces long-term utility concerns.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3000, other record living area = 2167.
With a 3,000 sqft building on a 3,500 sqft lot, the property has a high density that leaves very little room for common areas or private outdoor amenities for tenants.
The property consists exclusively of 1-bedroom, 1-bathroom units, which may limit the tenant pool to individuals or couples and lacks the diversity of larger family-sized units.
SIGNIFICANT PRICE REDUCTION, Seller is motivated and will consider all reasonable offers. Exceptional & fully renovated 5-unit income property in a prime Glendale location. The property consists of four 1/1-bedroom units plus an attached 1/1 ADU, offering strong rental income and excellent long-term investment potential. All units have been tastefully upgraded and feature modern finishes, updated windows, a newer 400 amp electrical panel, and efficient mini-split heating and cooling systems. One of the upstairs front units features a large private deck. Current rents are strong with most units on month-to-month terms, providing flexibility for investors. Property has undergone extensive improvements, offering a turnkey asset with minimal deferred maintenance. Located close to shopping, dining, and major Glendale amenities, this property combines stable income with future upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 50% |
| Baths | 0.0 | 1.5 | 50% |
| Square foot | 3,000 | 2,500 | 50% |
| Lot Size | 3,500 | 5,406.5 | 50% |
| Price | $1.90M | $1.50M | 50% |
| Price per sq ft | $632 | $591 | 50% |
| Built year | 1955 | 1940 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 70 | 50% |
Apr 15, 2026
$1,895,000
$1,999,998
-5% Price Drop
Initial Listing
Mar 9, 2026
$1,999,998
Initial Listing
Jul 30, 2021
$950,000
Public Record
Aug 12, 1994
$189,000
Public Record