1502 E BroadwayGlendale, CA 91205
Los Angeles County
Description
SOLD AS A PORTFOLIO WITH 121 MAYNARD ST. We are pleased to present The MayBro Apartments, 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. Situated south of E. Broadway, north of Colorado Blvd., and west of S. Verdugo Rd., The MayBro Apartment Portfolio are conveniently located the on-ramp to the 134 and 2 freeways, offering commuters ease of access to North Glendale, San Gabriel Valley, and Downtown Los Angeles. Moreover, the property is within a short distance of Eagle Rock and the variety of local businesses along Colorado Blvd. as well as the Americana and Glendale Galleria. For students, the property is also within a short distance of Glendale Community College and Occidental College in Eagle Rock. The property's proximity to these areas ensures a high demand for rental units.
Property Information
- Property type
- Commercial Sale
- Year built
- 1954
- Stories
- 2
- Building area
- 7,598 Sq Ft
- Lot size
- 0.35 acres
- Parking spaces
- 20
- Zoning
- R2250
- Days on market
- 235
- MLS® Listing#
- 26650957
Property Features
- Parcel number
- 5680025011
Directions
134 East, Exit 9B for Harvey, Turn Right onto Harvey Dr., Harvey turns slightly right and becomes E Broadway, Turn Left, Destination is on the right.
Listing Courtesy: Marcus & Millichap - 8182122700
Presented by: Sevak Keshishian
Licensed in the state of California.
More listings to consider
View similar listings View nearby listings$7,500,000
Similar7,856 Sq Ft
121 Maynard StreetGlendale, CA 91205#26650945
Listing courtesy of Marcus & Millichap
$7,750,000
Similar9,678 Sq Ft
610 W Broadway 400Glendale, CA 91204#GD26036968
Listing courtesy of Keller Williams R. E. Services
$6,990,000
Similar5,343 Sq Ft
5720 San Fernando RoadGlendale, CA 91202#GD25270975
Listing courtesy of Keller Williams R. E. Services
$3,550,000
Nearby< 0.1 mi16 bd, 16 ba, 7,598 Sq Ft
1502 E BroadwayGlendale, CA 91205#26661257
Listing courtesy of Marcus & Millichap
$3,550,000
Nearby< 0.1 mi16 bd, 16 ba, 7,856 Sq Ft
121 Maynard StreetGlendale, CA 91205#26661231
Listing courtesy of Marcus & Millichap
$5,999,999
Nearby< 0.1 mi16,000 Sq Ft
1530 E BroadwayGlendale, CA 91205#GD26081657
Listing courtesy of Magic Realty
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 121 Maynard Street, Glendale, CA | $7,500,000 | — | — | 7,856 |
| 610 W Broadway 400, Glendale, CA | $7,750,000 | — | — | 9,678 |
| 5720 San Fernando Road, Glendale, CA | $6,990,000 | — | — | 5,343 |
