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414 W Maple St, Glendale, CA 91204
$2,000,000
414 W Maple St, Glendale, CA 91204View this property at 414 W Maple St, Glendale, CA 91204
414 W Maple StGlendaleCA91204
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Property Description
We are pleased to announce the opportunity to purchase 414 W. Maple St., an 8-unit multifamily property in the Pacific-Edison neighborhood of southwest Glendale. Available for the first time in 38 years, this value-add opportunity will allow an investor to capture over 42% in rental upside through implementation of interior and exterior renovation program. This property is truly an irreplaceable asset as the zoning for this parcel, R2250, will only allow a future 3-unit multifamily development opportunity. Built in 1964, the property is comprised of a two-story structure that includes six 2 bed/1 bath units and two 1 bed/1 bath units. The property provides tenants with ten parking spaces that include a combination of carport, tuck-under spaces at the rear of the property. There is minimal landscaping, and all units are individually metered for gas and electricity. Buyers might potentially explore the opportunity to convert the tuck under parking spaces into an ADU for additional revenue streams. Located west of Central Ave, 414 W. Maple St. is located in-between Columbus Ave. and Pacific Ave. and is within proximity to three of Glendale's main thoroughfares, San Fernando Rd., Central Ave, and Brand Blvd. Residents of this property are a short distance to multiple bus stops located on Pacific and San Fernando as well as Edison Elementary School. There area is filled with many restaurants, retail shops and businesses and the provides tenants with ease of access to larger retail centers located at Glendale Galleria, The Americana of Glendale, and the Los Feliz Shopping Center that includes tenants such as Costco, Best Buy, Panda Express, Starbucks, Wells Fargo, Chase, T-Mobile, Verizon and many more. The property is within a short distance to the 134 and 5 Freeways will provide tenants with an easy commute to nearby neighborhoods such as Burbank, Eagle Rock, Los Feliz, Downtown Los Angeles, Pasadena, and all areas of San Ferando Valley.
Full Property Details
Full Property Details for 414 W Maple St
General
- Sold For: $2,000,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-318701
- Added to Site: 248 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 14
Other Rooms
- Laundry: In Unit
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Fire Sprinklers, Smoke Detector
- Other Features: None
Parking
- Covered Spaces: 4
- Garage Description: Carport, Covered Parking
Location
- Area: Glendale-South of 134 Fwy
- County: Los Angeles
- Driving Directions: Head south on Columbus Avenue and turn right onto west Maple Street. The subject property is located in-between Columbus Avenue and Pacific Avenue.
Heating & Cooling
- Cooling Type: Wall Unit(s)
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 5,428
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1964
- Year Built Source: Vendor Enhanced
- Property Condition: Fixer, Repairs (Major)
Unit Information
- Units in Complex: 8
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1939
- Lot Size: 8446
- Lot Size Source: Vendor Enhanced
- Zoning: R2250
Financial Considerations
- Price Per Sq. Ft.: $423.73
- Assessment Year: 1964
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5696-016-005
Listed and Sold by Marcus & Millichap, Sevak Keshishian
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Schools
Schools serving 414 W Maple St
School District:Glendale Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
120 E Cerritos Ave, Glendale, CA 91205 | K-6 | 1 mi | |
222 E Acacia Ave, Glendale, CA 91205 | 6-8 | 0.6 mi | |
651 Glenwood Rd, Glendale, CA 91202 | 9-12 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 414 W Maple St
Date
Details
Price
Change
Source
11/29/2023
Sold
$2,000,000
-13.04%
MLS
10/06/2023
Listed
$2,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
414 W Maple St, Glendale, CA 91204 (MLS# 23-318701) is a Multi-Family property that was sold at $2,000,000 on November 29, 2023. Want to learn more about 414 W Maple St? Do you have questions about finding other Multi-Family real estate for sale in Glendale? You can browse all Glendale real estate or contact a Coldwell Banker agent to request more information.