Property listed by Marcus & Millichap, Sevak Keshishian 818-212-2700
$3,700,000
Sale is a part of a 2 property portfolio with 1502 Broadway: 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.… Read More 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. Read Less
Listing Snapshot
Days Online
114
Last Updated
Beds
16
Square Ft.
7,856
Lot Size
0.36 Acres
Year Built
1954
MLS Number
26661231
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1954, Living area: 7856.0, 1 building, 2 stories, Levels: Two
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $332,016, Net Operating Income: $217,037
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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