REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,850,000
Est. payment /mo
7,314 SqFt
UPDATED:
02/04/2025 01:45 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,314 sqft
Price per Sqft $526
MLS Listing ID CRSR24080276
HOA Y/N No
Year Built 1927
Lot Size 10,139 Sqft
Acres 0.23
Property Sub-Type Other
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
Zoning GLR4
Interior
Fireplace No
Laundry Other
Building
Sewer Private Sewer
Water Private
New Construction No
Others
Tax ID 5675026012
Read Less Info
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Levon Alexanian • Keller Williams World Media Center
_Our #1 priority is to find and attract mastery-based agents to partner with, protect our culture, and support our clients needs and desires."
CONTACT US