530 N Maryland Ave - Apartments FOR SALE


Glendale, CA 91206- Downtown Glendale
$2,200,000 USD
626-657-7575
530 N Maryland Ave, Glendale, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/20
null | 5.35% Cap Rate

530 N Maryland Ave
Glendale, CA 91206
Downtown Glendale


HIGHLIGHTS

  • Upgrades made throughout the building
  • Great Unit Mix - Consisting of 1 and 2 bedroom Units
  • Prime Location - 1 Block from Brand Blvd - Eateries, cafes and stores
  • Close Proximity to Glendale Galleria and Americana
  • Favorable allowable rent increases
  • Individual Gas & Electric Meters - Communal Laundry room

OVERVIEW

The Maryland Apartments is located in Glendale, one of the most sought-after cities in Los Angeles County. The property is a block over from the shopping, eateries and offices located all along Brand Boulevard. The City of Glendale offers not only a bustling city life, but also the quiet solitude of its residential areas. The building is also ideally centered near the 134 freeway, making it a short distance to cities like Hollywood, Pasadena and the valley. The apartment complex has 7 units in total and features an excellent unit mix. The property consists of four 2 bedroom 1 bathroom units and three 1 bedroom 1 bathroom units. The property has been very well maintained and has tons of stunning curb appeal. Being just minutes away from the Americana at Brand and the Glendale Galleria makes this property conveniently situated near the liveliness of the City, while bringing forth the comfort of its cozy neighborhood. This opportunity is ideal for any investor looking to expand their portfolio!

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

7

PRICE/UNIT

$314,286

CAP RATE

5.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,210 SF

ZONING

GLR4YY

APN/PARCEL ID

5643-005-016

ASK ABOUT THIS PROPERTY

Jack BaboudjianBaboudjian Properties, Inc.More Info
626-657-7575

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Jack BaboudjianBaboudjian Properties, Inc.More Info
626-657-7575

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.