$3,850,000
Est. payment /mo
10,139 Sqft Lot
Active
827 Mariposa ST Glendale, CA 91205
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UPDATED:
02/04/2025 12:33 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR24080276
Originating Board California Regional MLS
Year Built 1927
Lot Size 10,139 Sqft
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.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Laundry Gas Hookup, 30
Exterior
Pool None
Building
Water Private
Others
Tax ID 5675026012
Special Listing Condition Not Applicable
© 2025 MLSListings Inc. All rights reserved.
Listed by Levon Alexanian • Keller Williams World Media Center
MORTGAGE CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.
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