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121 Maynard St
For Sale $3,700,000 ($470.98 per Sq Ft)
$3,700,000 ($470.98 per Sq Ft)
- 16 Units
- 7,856 Sq Ft
- 15,792 Sq Ft
- Unknown Cap Rate
Description
Sale is a part of a 2 property portfolio with 1502 Broadway: Marcus & Millichap is pleased to present The MayBro Apartment Portfolio, a thirty-two-unit multifamily investment opportunity located in the Citrus Grove neighborhood of Glendale. Offered for sale for the first time in nearly 20 years, 121 Maynard St. and 1502 E. Broadway provide an investor with the opportunity to acquire two sixteen-unit apartment buildings on separate parcels with over 15% in rental upside. Constructed in 1954, both properties are comprised of sixteen one-bedroom/one-bathroom units. The average unit sizes at both properties are almost 500 square feet, and most units have been renovated during ownership. Each property has its own on-site laundry room, and all units are separately metered for gas and electricity and have individual hot water heaters. 1502 E. Broadway provides tenants with 20 parking spaces and 121 Maynard St. provides tenants with 12 parking spaces and 12 storage units. There is also an additional owner's storage shed at the rear of 121 Maynard St. Both properties are zoned for R2250.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,700,000 |
| Property Type | Multi-Family |
| Usable Sqft | 7,856 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1954 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5680025007 |
| MLS # | 26661231 |
| Property ID | 292792362 |
| Lot Sqft | 15,792 |
| Zoning | R2250 |
| Total Units | 16 |
| Days on Market | 64 |
| Original List Price | $3,750,000 |
| Date Updated | May 07, 2026 |
| Date Created | March 06, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $1,729 | $1,995 |
| Gross Income (Yr) | $ 325,435 |
| Operating Expenses | $ 108,398 |
| Net Income (Yr) | $ 217,037 |
| Cap Rate | 5.87% |
Listing Provided By
Sevak Keshishian an agent of . Lic #01887505
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