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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.
Property Type(s):
Residential Income
| Last Updated | 2/4/2025 | Year Built | 1927 |
|---|---|---|---|
| Community | Glendale-South of 134 Fwy | County | Los Angeles |
Additional Details
| AREA | Glendale-South of 134 Fwy |
|---|---|
| LOT | 10139 sq ft |
| LOT DESCRIPTION | 6-10 Units/Acre |
| POOL DESCRIPTION | None |
| SEWER | Private Sewer |
| STORIES | 2 |
| WATER | Private |
| ZONING | GLR4YY |
Location
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Listed with Keller Williams World Media Center
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