Detailed Introduction Of This Home
We take great pleasure in introducing 219 E Maple Street, now available for sale for the first time in 34 years since its construction! This exceptional two-story apartment building, consisting of 10 units, was crafted in 1989 and is located within a prime Glendale neighborhood. The property enjoys a strategic location near Glendale Ave's Retail Corridor and is in close proximity to South Brand Blvd, home to The Americana at Brand. The property features generously sized 2 and 3 bedroom units, catering to the high-demand rental market in the area. Offering a desirable unit mix comprising of (two) 3-bedroom + 2-bath units and (eight) 2-bedroom + 2-bath units, this investment presents value-add opportunities for the right buyer. Each unit is equipped with its own water heater, and individual gas and electricity meters. The property includes a secure gated (subterranean) parking facility with 18 spaces, as well as additional income from owner-owned (non-leased) washer and dryer situated within the parking area. Tenants take pleasure in the convenience of residing within close proximity to an array of schools, shops, parks, dining establishments, and more, reducing their reliance on automobiles. The building has an impressive Walk Score of 96, denoting it as a 'Walker's Paradise'. Glendale's rent control laws are in alignment with Statewide AB1482, affording investors the potential for respectable rent increases as they become applicable. PLEASE DO NOT WALK ON PROPERTY.