The Maryland Avenue Apartments is a four [4] unit multi-residential property consisting of four [4] 2 bedroom 1 bath units and one [1] studio unit located in a strong rental pocket in the city of Glendale. Built in 1948/1913, the building is not subject to the rent control laws of Los Angeles. Glendale is an incorporated city with its own Police, Fire and Utility Departments. Free from rent control regulations, the building offers an investment opportunity to an astute investor looking to acquire a multi-residential property in a steadily rising rental market location. This particular investment offers an opportunity for a hands-on type of investor, investors looking for a property with upside potential, and Buyers in a 1031 Exchange.
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