Glendale Multi Family Residency for Sale

Exceptional Investment Opportunity: 8-Unit Apartment Building in Glendale, CA

An outstanding chance to acquire an 8-unit multifamily property with significant potential for rental income growth is now available. Located at 311 E. Maple Street in the sought-after southeast area of Glendale, CA, this property stands as a testament to professional management and meticulous care over the years. For the first time on the market in 39 years, this asset offers an irreplaceable opportunity for investors seeking pride of ownership.

The building, constructed in 1974, is a two-story structure featuring two large 2-bedroom and 1.75-bathroom units , along with six 1-bedroom and 1-bathroom units . The 2-bedroom units are roughly 950 square feet each, and the 1-bedroom units are approximately 850 square feet each, offering spacious living options (Buyer to verify). Parking is ample with thirteen (13) spaces , including a private two-car garage (currently used for storage by the owner) and eleven surface carport spaces for tenants. Additional amenities include a large on-site laundry room and minimal landscaping, enhancing the property’s appeal with practical features.

Tenancy is flexible, with most residents on a month-to-month basis, and all units are separately metered for gas and electricity. The property's location is highly convenient, situated within walking distance to multiple bus stops on Glendale Avenue and Brand Boulevard. It’s also close to retail shops, businesses, and major retail centers like the Glendale Galleria, the Americana at Glendale, and Atwater Village. The proximity to the 134 and 5 Freeways further adds to its desirability, offering tenants easy access to broader Los Angeles.

Potential for enhanced income exists through the conversion of the two-car garage into an Accessory Dwelling Unit (ADU), a move that could significantly increase future rental revenue and the property’s overall value (Buyer to verify with the City for ADU conversion requirements). The building’s roof was replaced in 2018 with a TPO compound, carrying a 20-year warranty, and the exterior has been freshly painted, highlighting the care and attention the property has received.

This is a unique opportunity to own a well-maintained, income-generating asset in a prime location with considerable upside. An ideal investment for those looking to expand their portfolio with a high-quality, professionally managed property.