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827 Mariposa Street

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Address: 827 Mariposa St, Glendale, CA 91205, USA

California & West + Apartment Buildings

Created date: February 4, 2025

Date last updated: February 4, 2025

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.

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Broker Details

Levon Alexanian

Keller Williams Realty (818) 239-3500 MLS ID: F207017570 State License Number: 00911091

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$3,850,000
No. of Units:	10
Year Built:	1927
Lot Size:	7,314.00 Sq ft
Opportunity Zone:	No
Price per unit:	$385,000
Property Website	Click Here
Number of Bedrooms:	2
Number of Bathrooms:	1

Address: 827 Mariposa St, Glendale, CA 91205, USA

Provided by:

Standard Status: Active

MLS Listing Number: SR24080276
ID: 3yd-MRMLSCA-SR24080276

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