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.
|
DAYS ON MARKET
|
17
|
LAST UPDATED
|
4/22/2024
|
|
YEAR BUILT
|
1927
|
COMMUNITY
|
Glendale-South of 134 Fwy
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AREA |
Glendale-South of 134 Fwy |
| BUYER'S BROKERAGE COMPENSATION |
2.000 % |
| LOT |
10139 sq ft |
| LOT DESCRIPTION |
6-10 Units/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Private Sewer |
| STORIES |
2 |
| WATER |
Private |
| ZONING |
GLR4YY |
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