827 Mariposa Street, Glendale CA, 91205

Active

827 Mariposa Street

Glendale CA, 91205

$3,850,000

$526.39 per sqft

Active

7,314 sqft

Condo

Built in 1927

Listed by Levon Alexanian with Keller Williams World Media Center 818-239-3500

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.

SR24080276

MLSⓇ ID

April 22, 2024

Listed

April 23, 2024

Updated

Map

827 Mariposa Street
Glendale CA, 91205

Interior Features

Total Stories: 2
Laundry Description: Washer Hookup, Gas Dryer Hookup
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.23 Acres
Lot Features: 6-10 Units/Acre
Sewer: Private Sewer

Other Property Details

Area Name: 628 - Glendale-South of 134 Fwy
Garage: No
Parking Total: 0
View: No
County: Los Angeles
Water Source: Private
Pool: No
Pool Features: None
Zoning: GLR4YY
Buyer Agency Compensation: 2%

Listing Contact: 818-239-3500

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 4/23/2024 at 12:11 AM UTC