1502 E BroadwayGlendale, CA 91205

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

202

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.