1502 E Broadway, Glendale, CA 91205
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Listed Price :
$9,000,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1954
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
1502 E Broadway |
| City |
Glendale |
| State |
CA |
| Zip |
91205 |
| County |
Los Angeles |
| Listing Agent |
Sevak Keshishian DRE #01887505 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$9,000,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
15,305 |
| Year Built |
1954 |
Listing information courtesy of: Sevak Keshishian, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 4th, 2024 at 10:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
