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1442 E Maple St 14 Unit Apartment Building $3,475,000 ($248,214/Unit) Glendale, CA 91205
INVESTMENT HIGHLIGHTS
- Amazing Glendale Location
- Long-Time Tenants With Upside
- Well-Managed Family Asset
EXECUTIVE SUMMARY
**Major Price Reduction**
1442 E Maple Street, a 14-unit apartment complex in the highly desirable City of Glendale. Less than 2 miles from the world famous Americana and walking distance to several restaurants and amenities. The property consists of 14 units. Built in 1958, the exterior of the building was recently updated with brand new windows and the parking lot asphalt was repaired and resealed within the last 5 years. Seller recently finished installing a brand new electric panel.
The Property, located one block off Colorado Blvd & The 2 FWY, consists of the main structure & a large parking lot, with 12 - 1 bed room/1 bath room and 2 - 2 bed room/1 bath room apartments. There is a large onsite parking lot with parking spaces for each unit. 1442 E Maple Street has perhaps one of the best freeway accessible locations in all of Glendale with quick access to both the 2 FWY and the 134 FWY.
Seller is motivated to look at all offers. Call Broker for More Info and MatterPort Tours.
1442 E Maple Street, a 14-unit apartment complex in the highly desirable City of Glendale. Less than 2 miles from the world famous Americana and walking distance to several restaurants and amenities. The property consists of 14 units. Built in 1958, the exterior of the building was recently updated with brand new windows and the parking lot asphalt was repaired and resealed within the last 5 years. Seller recently finished installing a brand new electric panel.
The Property, located one block off Colorado Blvd & The 2 FWY, consists of the main structure & a large parking lot, with 12 - 1 bed room/1 bath room and 2 - 2 bed room/1 bath room apartments. There is a large onsite parking lot with parking spaces for each unit. 1442 E Maple Street has perhaps one of the best freeway accessible locations in all of Glendale with quick access to both the 2 FWY and the 134 FWY.
Seller is motivated to look at all offers. Call Broker for More Info and MatterPort Tours.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$241,836
|
$24.03
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $241,836 |
| Annual Per SF | $24.03 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $3,475,000 | Building Class | C |
| Price Per Unit | $248,214 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 10,066 SF |
| Gross Rent Multiplier | 13.61 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 0.99/1,000 SF |
| Property Subtype | Apartment | Zoning | GLR4YY |
| Apartment Style | Low-Rise |
| Price | $3,475,000 |
| Price Per Unit | $248,214 |
| Sale Type | Investment |
| Gross Rent Multiplier | 13.61 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 10,066 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | GLR4YY |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Storage Space
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 550 - 600 |
| 2+1 | 2 | - | 600 - 650 |
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Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 5683-003-021 | Improvements Assessment | $391,869 |
| Land Assessment | $169,793 | Total Assessment | $561,662 |
PROPERTY TAXES
Parcel Number
5683-003-021
Land Assessment
$169,793
Improvements Assessment
$391,869
Total Assessment
$561,662
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1442 E Maple St
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