Tools
Size
2
Bedrooms
1
Full Bath
7,314 Sq Ft.
interior
0.23 Acres
Exterior
Financial
$3,850,000
Change Currency
$526
Price Per Sqft
Listing Details
Apartment
Property type
1927
Year Built
11219458
Web Id
SR24080276
MLS ID
20
Days Posted
Description
827 Mariposa Street, Glendale, CA 91205
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 buyers 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.
This is an Active listing.
Broker Office Phone Number: 818-239-3500
Copyright © 2024California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 818-239-3500
Copyright © 2024California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Price History
date | Price | variance | type |
---|---|---|---|
4/22/2024 | $3,850,000 | - | Listed |
Listing By: Keller Williams World Media Center via Data Source: California Regional Multiple Listing Service, Inc
listing agent: Levon Alexanian