827 Mariposa Street
Glendale, CA 91205
0.23 acres | #SR24080276
Description
The offering represents the highest in-place-yielding apartments for sale currently in the city of Glendale*
Owned and operated by the same family for over 2 decades, they have exerted extensive capital improvements throughout their tenure. The property consists of 2 story 1+1+Dens that are all functioning as as 2+1. All units have individual washer & dryer hookups and water heaters. Electrical is updated and the property is individually metered for gas & electricity.
With an average in-place rent of $2,285, there is a significant loss to lease (11%+) Additionally, the incorporating of potential (2) 1+1 ADUs in th parking lot, can take a new buyer’s pro forma yield to 7.5%*
Casa De Mariposa with a WalkScore of 91! is situated less than 1 mile to Americana at Brand and all of the robust shopping dining &
entertainment along downtown Glendale. (*) buyer to verify.
For the offering memorandum or any questions, call Greg Alexanian.
Property Details
- Lot DescriptionSixToTenUnitsAcre
- Property TypeMulti-Family
- Sewer InformationPrivateSewer
- CountyLos Angeles
- Original List Price$3,850,000
- MLS #SR24080276
- MLS #SR24080276
- Property SubtypeApartment
- Utility SourcePrivate
- Cost3850000
- Acres0.2328
- Year Built1927
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Levon Alexanian (#F207017570)
Listing Office: Keller Williams World Media Center (#F8552001)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
