1502 E BroadwayGlendale, CA 91205
Los Angeles County
Description
Sale is a part of a 2 property portfolio with 121 Maynard: Marcus & Millichap is pleased to present The MayBro Apartment Portfolio, a thirty-two-unit multifamily investment opportunity located in the Citrus Grove neighborhood of Glendale. Offered for sale for the first time in nearly 20 years, 121 Maynard St. and 1502 E. Broadway provide an investor with the opportunity to acquire two sixteen-unit apartment buildings on separate parcels with over 15% in rental upside. Constructed in 1954, both properties are comprised of sixteen one-bedroom/one-bathroom units. The average unit sizes at both properties are almost 500 square feet, and most units have been renovated during ownership. Each property has its own on-site laundry room, and all units are separately metered for gas and electricity and have individual hot water heaters. 1502 E. Broadway provides tenants with 20 parking spaces and 121 Maynard St. provides tenants with 12 parking spaces and 12 storage units. There is also an additional owner's storage shed at the rear of 121 Maynard St. Both properties are zoned for R2250.
Property Information
- Property type
- Residential Income
- Year built
- 1954
- Stories
- 2
- Living area
- 7,598 Sq Ft
- Lot size
- 0.35 acres
- Parking spaces
- 20
- Zoning
- R2250
- Days on market
- 200
- MLS® Listing#
- 26661257
Property Features
- Appliances
- Refrigerator
- Cooling
- Wall/Window Unit(s)
- Heating
- Wall Furnace
Financial Details
- HOA
- None
- Parcel number
- 5680025011
Directions
heading east on E. Broadway, pass S. Verdugo Rd, property will be on right hand side.
Listing Courtesy: Marcus & Millichap - 8182122700
Presented by: Sevak Keshishian
Licensed in the state of California.
Glendale Market Statistics
How this home compares to 250 active listings in Glendale, CA
| Glendale median | This listing | |
|---|---|---|
| Median listing price | $1,000,000+ | $3,550,000 |
| Median days on market | 37 | 200 |
| Median Sq Ft | 1,692 | 7,598 |
| Median price / Sq Ft | $659 | $467 |
Market statistics compiled from active EXIT Realty® and MLS listings in Glendale, CA.
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