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$9,000,000
Est. payment /mo
7,598 SqFt
UPDATED:
12/04/2024 11:38 PM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 7,598 sqft
Price per Sqft $1,184
MLS Listing ID CL24469319
HOA Y/N No
Year Built 1954
Lot Size 0.351 Acres
Acres 0.35
Property Sub-Type Comm Ind For Sale
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 Listing
Zoning R225
Interior
Fireplace No
Exterior
Total Parking Spaces 20
Building
New Construction No
Others
Tax ID 5680025011
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Listed by Sevak Keshishian • Marcus & Millichap
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122