Excellent opportunity to purchase an eight (8) unit apartment building with a significant upside in rental income. 311 E. Maple Street is an 8-unit multifamily property in the desirable southeast area of Glendale, CA. This property provides a tremendous opportunity for an investor to acquire pride in ownership of an asset that has been professionally managed and cared for. As it’s the first time in the market after 39 years of ownership, this is truly an irreplaceable asset to own. The property is a two-story building that was constructed in 1974 and consists of two large 2bed and 1.3/4bath units and six 1bed and 1bath units. Large roomy units (Buyer to verify the square footage if required). It also includes thirteen (13) parking spaces that include a combination of a private two (2) car garage, which is being used by the owner as storage currently, eleven (11) surface carport parking spaces, which are used by the tenants, a large on-site laundry room, and very minimal landscaping. Most tenants are on a month-to-month basis, and units are separately metered for gas and electricity. The property is within a short distance to multiple bus stops located on Glendale Avenue and Brand Boulevard, in addition to nearby retail shops and businesses. It provides tenants with ease of access to larger retail centers located at the Glendale Galleria, the Americana of Glendale, and Atwater Village. Tenants also have easy access and proximity to the 134 and 5 Freeways. Buyers might explore the opportunity to convert the two-car private garage into an ADU, this could be a great opportunity to boost future rental revenue and income stream, raising the overall value of the investment. Buyer to verify with the city for associated ADU conversion requirements. The roof was replaced/refinished in 2018 with TPO compound material and has a 20-year warranty. Newly painted building.
This property is $1.8M more than the Median Sold Price in Glendale, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #GD23226348
Listing Office:
Office Name: Coldwell Banker Hallmark
Office Phone: (818) 203-5471
Listing Agent: Vahik Beglarian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/11/2024, 2:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Horace Mann Elementary School
501 E Acacia Ave
Distance between this listing and this school0.30 miles
Public District Grades KG-5
Middle School
6
/10
Theodore Roosevelt Middle School
222 E Acacia Ave
Distance between this listing and this school0.33 miles
Public District Grades 6-8
High School
4
/10
Glendale High School
1440 E Broadway
Distance between this listing and this school1.22 miles
Public District Grades 9-12
Assigned Schools
8
/10
Horace Mann Elementary School
501 E Acacia Ave
Distance between this listing and this school0.30 miles
Public District Grades KG-5
Nearby Schools
8
/10
Thomas Edison Elementary School
435 S Pacific Ave
Distance between this listing and this school0.73 miles
Public Magnet Grades KG-6
6
/10
John Muir Elementary School
912 S Chevy Chase Dr
Distance between this listing and this school0.80 miles
Public District Grades KG-6
Assigned Schools
6
/10
Theodore Roosevelt Middle School
222 E Acacia Ave
Distance between this listing and this school0.33 miles
Public District Grades 6-8
Nearby Schools
5
/10
Woodrow Wilson Middle School
1221 Monterey Rd
Distance between this listing and this school1.44 miles
Public District Grades 6-8
7
/10
Washington Irving Middle School Math, Music and Engr
3010 Estara Ave
Distance between this listing and this school1.71 miles
Public Magnet Grades 6-8
Assigned Schools
4
/10
Glendale High School
1440 E Broadway
Distance between this listing and this school1.22 miles
Public District Grades 9-12
Nearby Schools
7
/10
Alliance Environmental Science and Technology High School
2930 Fletcher Dr
Distance between this listing and this school1.75 miles
Public Charter Grades 9-12
6
/10
Herbert Hoover High School
651 Glenwood Rd
Distance between this listing and this school2.19 miles
The neighbors living near this home have an average income of $47,143. Most Glendale, CA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 311 E Maple St
What is the listing price of this property?
The listing price of 311 E Maple St property is $2,950,000.
What type of property is this?
The property 311 E Maple St is a condo located in Glendale, California, 91205.
Is this property for sale now?
Active Listing: 311 E Maple St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 311 E Maple St are: Horace Mann Elementary School: GreatSchools Rating 8/10Theodore Roosevelt Middle School: GreatSchools Rating 6/10Glendale High School: GreatSchools Rating 4/10
Which year was this property built?
The year of construction for 311 E Maple St is 1974.
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This home is located at 311 E Maple St in Glendale, CA and zip code 91205 in the The Verdugos neighborhood. This home, which was built in 1974, sits on a 0.20 acre lot. It has been listed on Rocket Homes since December 18, 2023 and is currently priced at $2,950,000.
In April 2024, from all listings sold in Glendale, CA there were more than 39 sold above asking price, over 18 sold below and more than 13 were sold right at the asked price. The inventory of homes for sale in Glendale, CA between March 2024 and April 2024 increased by 14.2%. In April 2024, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $1,150,000.
From Rocket Homes Real Estate and based on county public records data.