CA > Glendale
Glendale, CA 91205,121 Maynard St
Glendale, CA 91205,121 Maynard St
Glendale, CA 91205,121 Maynard St
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$9,000,000
Est. payment /mo
16 Beds
16 Baths
7,856 SqFt
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UPDATED:

12/04/2024 08:51 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,856 sqft

Price per Sqft $1,145

MLS Listing ID 24-469257

Bedrooms 16

Year Built 1954

Lot Size 0.363 Acres

Acres 0.3625

Property Description

SOLD AS A PORTFOLIO WITH 1502 E BROADWAY. 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 121 Maynard 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 12.0

Building

Story 2

Others

Special Listing Condition Standard

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Listed by Marcus & Millichap

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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