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414 Maple Street
Glendale, CA 91204
Sold
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.
PROPERTY INFORMATION
| MLS # | 23318701 | Lot Size | 8,446 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,300,000
Price Per SqFt: $ 424 |
DOM | 597 Days |
| Address | 414 Maple Street | Type | Residential Income |
| City | Glendale | Sq.Ft. | 5,428 Sq. Ft. |
| Postal Code | 91204 | Garage | N/A |
| County | Los Angeles | Year Built | 1964 |
| Bed / Bath | 14 / 0 | Parking | 10 |
| Built In | 1964 | Status | Closed |
| Sold Date | 2023-11-29 |
INTERIOR FEATURES
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| SecuritySafety | Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s) |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,453
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/14/2023 | Listed | $2,300,000 |
Topfind Realty
REALTOR®
(844)-333-8033
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Listing provided courtesy of Sevak Keshishian, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
