827 Mariposa Street

Glendale, CA 91205

$3,850,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1927

calendar_month Built

Property 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.

Listing Information

List Price $3,850,000
Status Active
MLS SR24080276
Type Residential Income
Subtype Apartment
Year Built 1927
Lot Size 10,139
Structure Size N/A
DOM 43
Courtesy Of Keller Williams World Media Center
Listing Agent Levon Alexanian DRE#00911091

Interior Features

Laundry Information
Location(s) Washer Hookup, Gas Dryer Hookup
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Levon Alexanian, Keller Williams World Media Center 8182391206. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 4th, 2025 at 1:30 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.