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For sale
  • Listed by: Coldwell Banker Realty • Carolin Alaverdian • Contact: 8188234622
    $1,849,000

    405 West Broadway, Glendale, CA 91204

    5beds
    --baths
    3,000sqft
    : 
    $12,092/mo
    Get pre-qualified
    Multi Family
    Built in 1955
    -- sqft lot
    $1,783,100 Zestimate®
    $616/sqft
    $-- HOA

    What's special

    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
    12 days
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    Zillow last checked:

    Listing updated:

    Listed by:

    Carolin Alaverdian DRE #01929505 8188234622,

    Coldwell Banker Realty

    Source: CRMLS,MLS#: PF26157951MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Laundry: Common Area, Laundry Room
      Features
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 3,000
      • Total interior livable area: 3,000 sqft

      Property

      Parking
      • Parking features: None, On Street
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: 1
      • Pool features: None
      Lot
      • Size: 3,489 Square Feet
      • Features: 0-1 Unit/Acre
      Details
      • Parcel number: 5637015024
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • New construction: No
      • Year built: 1955

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Curbs, Street Lights
      Location
      • Region: Glendale

      Financial & listing details

      • Price per square foot: $616/sqft
      • Tax assessed value: $1,273,448
      • Annual tax amount: $14,137
      • Date on market: 7/20/2026
      • Listing terms: Cash,Conventional,Submit
      • Tenant pays: All Utilities, Cable TV, Electricity

        Estimated market value

        $1,783,100

        $1.69M - $1.87M

        $2,200/mo

        Price history

        DateEventPrice
        7/26/2026Listing removed$2,200$1/sqft
        Source: Zillow Rentals Report a problem
        7/20/2026Listed for sale$1,849,000$616/sqft
        Source: CRMLS #PF26157951 Report a problem
        4/26/2026Listed for rent$2,200$1/sqft
        Source: Zillow Rentals Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$14,137 +2.3%$1,273,448 +2%
        2024$13,824 +2.3%$1,248,480 +2%
        2023$13,508 +1.8%$1,224,000 +5.5%
        2022$13,273 +206.2%$1,160,000 +208.6%
        2021$4,335 +1.5%$375,848 +1%
        2020$4,273 $371,995 +2%
        2019$4,273 +4.7%$364,702 +2%
        2018$4,080 $357,552 +2%
        2017$4,080 +1.6%$350,542 +2%
        2016$4,017 +3.6%$343,669 +1.5%
        2015$3,877 +2.3%$338,508 +2%
        2014$3,790 $331,878 +2.5%
        2012-- $323,902 +2%
        2011-- $317,552 +0.8%
        2010-- $315,180 -0.2%
        2009-- $315,930 +2%
        2008-- $309,736 +2%
        2007-- $303,663 +2%
        2006-- $297,710
        2005-- $297,710 +4%
        2004-- $286,151 +1.9%
        2003-- $280,907 +2%
        2002-- $275,400 +33.3%
        2000-- $206,547
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Vineyard

        Getting around

        93 / 100
        Walker's Paradise
        64 / 100
        Good Transit
        65 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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