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441 W Maple Street, Glendale, California 91204, Glendale, 91204 - bed, bath

441 W Maple Street, Glendale, California 91204 home-pic-0
ACTIVE$1,250,000
441 W Maple Street, Glendale, California 91204
0Bed
0Bath
1,998Sqft
7,316Lot
Year Built
1925
Close
-
List price
$1.25M
Original List price
$1.5M
Price/Sqft
$626
HOA
-
Days on market
-
Sold On
-
MLS number
GD25169652
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros.

Rare chance to acquire a well-located fully occupied three-unit income property in the highly desirable rental market of Glendale. Situated on a quiet residential stretch of Maple Avenue, this property features a 2-bedroom, 1-bath front house plus two detached 1-bedroom, 1-bath units in the rear—ideal for stable cash flow or future upside potential. The units are separately metered for gas and electricity, with room for increased rents through updates or repositioning. Excellent tenant appeal with off-street parking and proximity to employment centers, public transportation, and top-tier amenities including The Americana at Brand, Glendale Galleria, and major freeway access. Located in a consistently strong rental market with low vacancy rates, this property offers long-term value for investors looking to hold, improve, and grow equity. Whether you're expanding your portfolio or starting your real estate investment journey, this is a smart addition with immediate income potential.

Price History

Date
Event
Price
11/26/25
Price Change
$1,250,000-3.8%
10/08/25
Price Change
$1,300,000-13.3%
07/29/25
Listing
$1,500,000
Condition Rating
Poor
Built in 1925, this property is nearly 100 years old. The listing description explicitly states 'room for increased rents through updates or repositioning' and the property analysis highlights a 'weakness' due to its age, noting it 'likely requires substantial capital investment for deferred maintenance, system upgrades, and modernization to achieve market-rate rents.' While the exterior appears maintained, the lack of interior photos combined with the strong indication that significant updates are needed suggests that the kitchens, bathrooms, and other interior components are severely outdated and require substantial rehabilitation to meet current standards and maximize value. It is not a tear-down as it is currently occupied and generating income, but it is far from move-in ready without major investment.
Pros & Cons

Pros

Exceptional Location & Market: Situated in a highly desirable Glendale rental market with low vacancy rates, offering excellent tenant appeal due to proximity to amenities, employment centers, and transportation.
Immediate Income & Occupancy: A fully occupied triplex providing stable cash flow and immediate income potential, ideal for investors seeking a turn-key asset.
Flexible Unit Mix: Features a desirable configuration of a 2-bedroom front house and two detached 1-bedroom units, appealing to a broad tenant base and offering privacy.
Operational Cost Efficiency: Units are separately metered for gas and electricity, significantly reducing owner-borne utility expenses and simplifying property management.
Significant Value-Add Opportunity: Offers clear potential for increased rents and equity growth through strategic updates and repositioning, aligning with long-term investment strategies.

Cons

Property Age & Condition: Built in 1925, the property likely requires substantial capital investment for deferred maintenance, system upgrades, and modernization to achieve market-rate rents.
Undercapitalized Rents/Required Updates: The description suggests 'room for increased rents through updates,' indicating current rents may be below market or units are dated, necessitating further investment to maximize income.
Recent Price Reductions: Multiple price reductions from the original listing price may signal initial overpricing or market resistance, potentially impacting perceived value or future appreciation.

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