Listed By Keller Williams World Media Center, Levon Alexanian
info@alexanianadvisors.com
827 MARIPOSA ST Glendale, CA 91205
$3,850,000
—
Bedrooms
—
Total Baths
—
Full Baths
7,314
Square Feet
0.23
Acres
1927
Year Built
Active
Status
MLS#
SR24080276
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.
Details for 827 MARIPOSA ST
*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office Keller Williams World Media Center, 818-239-3500
MLS# SR24080276
Updated 3:57AM - 5/6/2024
Listing Agent Levon Alexanian
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