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311 E Maple Street

Glendale, CA 91205

– beds
– baths
– sqft
8,752 sqft lot
1974 build
– on site

Excellent opportunity to purchase an eight (8) unit apartment building with a significant upside in rental income. 311 E. Maple Street is an 8-unit multifamily property in the desirable southeast area of Glendale, CA. This property provides a tremendous opportunity for an investor to acquire pride in ownership of an asset that has been professionally managed and cared for. As it’s the first time in the market after 39 years of ownership, this is truly an irreplaceable asset to own. The property is a two-story building that was constructed in 1974 and consists of two large 2bed and 1.3/4bath units and six 1bed and 1bath units. Large roomy units (Buyer to verify the square footage if required). It also includes thirteen (13) parking spaces that include a combination of a private two (2) car garage, which is being used by the owner as storage currently, eleven (11) surface carport parking spaces, which are used by the tenants, a large on-site laundry room, and very minimal landscaping. Most tenants are on a month-to-month basis, and units are separately metered for gas and electricity. The property is within a short distance to multiple bus stops located on Glendale Avenue and Brand Boulevard, in addition to nearby retail shops and businesses. It provides tenants with ease of access to larger retail centers located at the Glendale Galleria, the Americana of Glendale, and Atwater Village. Tenants also have easy access and proximity to the 134 and 5 Freeways. Buyers might explore the opportunity to convert the two-car private garage into an ADU, this could be a great opportunity to boost future rental revenue and income stream, raising the overall value of the investment. Buyer to verify with the city for associated ADU conversion requirements. The roof was replaced/refinished in 2018 with TPO compound material and has a 20-year warranty. Newly painted building.

Listed By CRMLS_CA / Vahik Beglarian / Coldwell Banker Hallmark / 818-203-5471

Last checked: Checking… • Last updated Apr 22, 2024 •

MLS# GD23226348 —

The Building

Year Built:

1974
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

No Common Walls
Faces:

North
Building Area Total:

7099.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

8
Stories Total:

2
# of Separate Gas Meters:

8
# of Separate Water Meters:

8
# of Separate Electric Meters:

8

Interior

Levels:

One
Entry Location:

street,driveway
Laundry:

Common Area
Laundry:

1

Location

Directions:

South of Colorado Street, Between Glendale Ave and Brand Blvd.
Latitude:

34.13899500
Longitude:

-118.25206000

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Updated/Remodeled
Zoning:

GLR4*
Lot Features:

Landscaped, Level with Street, Sprinklers In Front
Lot Size Area:

8752.0000
Lot Size Acres:

0.2009
Lot Size SqFt:

8752.00
Lot Size Source:

Assessor
View:

None
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

3022.02
Tax Tract:

4657
Tax Lot:

152

The Listing

Buyer's Brokerage Compensation:

2.500%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2.50
Parcel Number:

5641010019

Heating & Cooling

Heating:

1
Heating:

Radiant

Utilities

Utilities:

Cable Connected, Electricity Available, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

220 Volts
Water Source:

Public

The Community

Senior Community:

No
Features:

Street Lights
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No

Parking

Parking:

Yes
Parking:

Assigned, Carport, Attached Carport, Detached Carport, Driveway, Garage - Two Door
Parking Spaces:

14.00
Garage Spaces:

2.00
Carport Spaces:

12.00

Extra Units

Number With Disposal:

8
Number With Dishwasher:

8

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/9/24 Feb 9, 2024	Price Changed	CRMLS_CA	$2,950,000	-1.5%
2/2/24 Feb 2, 2024	Price Changed	CRMLS_CA	$2,995,000	-4.9%
12/18/23 Dec 18, 2023	Listed / Active	CRMLS_CA	$3,150,000

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This multifamily located in Glendale, CA 91205 is currently for sale for $2,950,000. 311 E Maple Street is a – square foot multifamily with – beds and – baths that has been on Estately for 140 days. This multifamily is in the attendance area of Theodore Roosevelt Middle School, Horace Mann Elementary School, and Glendale Senior High School.

Listing Courtesy of: CRMLS_CA and Coldwell Banker Hallmark. Based on information from California Regional Multiple Listing Service, Inc. as of 15:17 on May 06.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.