Homes for sale - 1502 E Broadway, Glendale, CA 91205

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Peter Lorimer

peter@plgestatesinc.com +1(310) 666-7383

$ 9,000,000

Est. payment | -/mo

16 Beds

16 Baths

7,598 SqFt

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$ 9,000,000

Est. payment | -/mo

Save

16 Beds

16 Baths

7,598 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,598 sqft

Price per Sqft $1,184

MLS Listing ID 24-469319

Bedrooms 16

Year Built 1954

Lot Size 0.351 Acres

Acres 0.3514

Property 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 26% in rental upside. The portfolio currently has two vacant units. 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 twenty parking spaces and 121Maynard St. provides tenants with twelve parking spaces and twelve storage units. There is also an additional owner's storage shed at the rear of 121 Maynard St. Both properties are zoned for R2250.

Location

State CA

County Los Angeles

Area Glendale-South Of 134 Fwy

Zoning R2250

Interior

Laundry Laundry Area

Exterior

Garage Spaces 20.0

Building

Story 2

Others

Special Listing Condition Standard

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Listed by Marcus & Millichap

Making real estate fast, fun, and stress-free!

+1(310) 666-7383

peter@plgestatesinc.com

1502 E Broadway Glendale, CA 91205