Property Details

Price $3,000,000

Year Built 1955

# of Units 7

Price P/ Unit $428,571

Sq. ft. 6,611 SF

Price p/ Sq. ft. $454

Current Cap Rate 4.56%

Proforma Cap Rate 4.99%

Lot Size 8,712 SF

Zoning GLR4

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1422 E. Maple Street
Glendale, CA 91205

About the Property

The 6,611 two-story building sits on a 8,712 SF lot, and is comprised of (1) three-bedroom and two-bath unit with private front yard, (4) two-bedroom and two-bath units and (2) one-bedroom and one bath units. Six of the seven units have been remodeled to the studs. These spacious, open-layout units have been meticulously upgraded to include quartz and butcher block counters, new cabinets with custom fixtures and pulls, stainless steel appliances, natural color flooring throughout the entire unit (water and scratch resistant), recessed lighting, subway-tile shower and in-unit washer/dryers. Please note, the current owners are achieving 100% rent collections throughout the COVID pandemic. The turnkey property features approx. 11 parking spaces and all units are separately metered for gas and electricity. The property provides additional income sources including parking ($100 per spot) and RUBS.

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