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530 N Maryland Ave 7 Unit Apartment Building $3,059,276 CAD ($437,039 CAD/Unit) 5.35% Cap Rate Glendale, CA 91206
Investment Highlights
- Upgrades made throughout the building
- Prime Location - 1 Block from Brand Blvd - Eateries, cafes and stores
- Favorable allowable rent increases
- Great Unit Mix - Consisting of 1 and 2 bedroom Units
- Close Proximity to Glendale Galleria and Americana
- Individual Gas & Electric Meters - Communal Laundry room
Executive Summary
The Maryland Apartments is located in Glendale, one of the most sought-after cities in Los Angeles County. The property is a block over from the shopping, eateries and offices located all along Brand Boulevard. The City of Glendale offers not only a bustling city life, but also the quiet solitude of its residential areas. The building is also ideally centered near the 134 freeway, making it a short distance to cities like Hollywood, Pasadena and the valley. The apartment complex has 7 units in total and features an excellent unit mix. The property consists of four 2 bedroom 1 bathroom units and three 1 bedroom 1 bathroom units. The property has been very well maintained and has tons of stunning curb appeal. Being just minutes away from the Americana at Brand and the Glendale Galleria makes this property conveniently situated near the liveliness of the City, while bringing forth the comfort of its cozy neighborhood. This opportunity is ideal for any investor looking to expand their portfolio!
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$233,200
|
$27.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$233,200
|
$27.03
|
| Taxes |
$33,316
|
$3.86
|
| Operating Expenses |
$36,269
|
$4.20
|
| Total Expenses |
$69,585
|
$8.07
|
| Net Operating Income |
$163,616
|
$18.97
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $233,200 |
| Annual Per SF | $27.03 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $233,200 |
| Annual Per SF | $27.03 |
| Taxes (CAD) | |
|---|---|
| Annual | $33,316 |
| Annual Per SF | $3.86 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $36,269 |
| Annual Per SF | $4.20 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $69,585 |
| Annual Per SF | $8.07 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $163,616 |
| Annual Per SF | $18.97 |
Property Facts
| Price | $3,059,276 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $437,039 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.35% | Building Size | 6,144 SF |
| Gross Rent Multiplier | 13.12 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 0.98/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | GLR4YY | ||
| Price | $3,059,276 CAD |
| Price Per Unit | $437,039 CAD |
| Sale Type | Investment |
| Cap Rate | 5.35% |
| Gross Rent Multiplier | 13.12 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,144 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | GLR4YY |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 4 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5643-005-016 | Total Assessment | $663,860 CAD (2025) |
| Land Assessment | $243,919 CAD (2025) | Annual Taxes | $33,316 CAD ($5.42 CAD/SF) |
| Improvements Assessment | $419,941 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5643-005-016
Land Assessment
$243,919 CAD (2025)
Improvements Assessment
$419,941 CAD (2025)
Total Assessment
$663,860 CAD (2025)
Annual Taxes
$33,316 CAD ($5.42 CAD/SF)
Tax Year
2026
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530 N Maryland Ave
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