827 Mariposa Street, Glendale, CA 91205
-
Listed Price :
$3,850,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1927
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.
Interior Features
| Laundry Information |
| Location(s) |
Washer Hookup, Gas Dryer Hookup |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
827 Mariposa Street |
| City |
Glendale |
| State |
CA |
| Zip |
91205 |
| County |
Los Angeles |
| Listing Agent |
Levon Alexanian DRE #00911091 |
| Courtesy Of |
Keller Williams World Media Center |
| List Price |
$3,850,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
10,139 |
| Year Built |
1927 |
Listing information courtesy of: Levon Alexanian, Keller Williams World Media Center. *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.
