815 Mariposa Street

    Glendale, CA 91205
    • $3,850,000
    • STATUS: Pending
    • ON SITE: 112 days
    • ID#: 19492512
    Pending
    UPDATED: 61 min ago
    $3,850,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,424
      SQFT
    • $457
      $/SQFT
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Excellent investment opportunity for an eighteen (18) unit apartment building located in the Mariposa neighborhood in the non rent controlled city of Glendale. Resting on a large lot of approximately 13,957 +/- Sq.Ft., the property features all one bedroom one bathroom units. Each unit is individually metered for gas an electricity and comes with a private patio area. The property also features a coin-operated laundry room, alley access, and storage units. This is an opportunity for an experience investor who can increase the revenue by rental increases as well as renting out the storage units. Drive by only. Do not disturb tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-14T22:32:42.517. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/97244676

    815 Mariposa Street Glendale, CA 91205

    • Price: $3,850,000
    • Status: Pending
    • Updated: 61 min ago
    • ID#: 19492512
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    8,424
    SQFT
    $457
    $/SQFT
    1924
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    Excellent investment opportunity for an eighteen (18) unit apartment building located in the Mariposa neighborhood in the non rent controlled city of Glendale. Resting on a large lot of approximately 13,957 +/- Sq.Ft., the property features all one bedroom one bathroom units. Each unit is individually metered for gas an electricity and comes with a private patio area. The property also features a coin-operated laundry room, alley access, and storage units. This is an opportunity for an experience investor who can increase the revenue by rental increases as well as renting out the storage units. Drive by only. Do not disturb tenants.
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Cooling None Cooling YN No Laundry Features See Remarks

    Property Features

    Cap Rate 3.57 Gross Multiplier 15.80 Gross Operating Income 240792.00 Improvements Amount 372319 Land Value 1489292 Laundry YN Yes Net Operating Income 137468.00 Special Listing Conditions Standard Total Expenses 103324.00 Zoning Glr4yy

    Listing provided courtesy of Anubhav Kawatra of Anubhav Kawatra and Sevak Keshishian of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-14T22:32:42.517. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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