INCREDIBLE OPPORTUNITY, AMAZING PRICE FOR A REAL FIVE UNIT BUILDING. FIX AND SAVE. PRIME GLENDALE ADAMS HILL/ADAMS SQUARE MULTI UNIT FIXER. HUGE UPSIDE POTENTIAL!! FIRST TIME ON THE MARKET IN 20+ YEARS. UNDER MARKET RENTS – TREMENDOUS POSSIBILITIES. ZONED GLR4YY. Five units total PLUS a converted garage studio. Breakdown is as follows: One – 3 bedroom/2 bath front house (NOW VACANT). One – 1 bedroom/1 bath unit (LEASED). THREE separate studio units (TWO ON MONTH TO MONTH and one gutted/vacant), plus a converted garage studio (WILL BE DELIVERED VACANT after COE). One of the studio units is vacant and gutted, and ready to be renovated. NEWLY UPDATED 1 BED/1 BATH UNIT – JUST REDONE (SEE NEW PICS). Lots of room for improvement. THREE total structures on the lot. Please do not disturb tenants or go on property. Front house built in 1912 – middle units built in the 1950''s with a BRAND NEW ROOF INSTALLED ON BUILDING 2 – with the stand alone unit built in 1960''s. DO NOT MISS YOUR CHANCE!! Active rents at this time are approximately $3787 TOTAL per month BUT this does not include newly vacant front house (which will easily double incoming rents), plus detached studio. CASH/HARD MONEY OR STRONG DOWNPAYMENT ONLY AS THIS IS WILL REQUIRE A COMMERCIAL LOAN BECAUSE IT IS 5 UNITS.
Property Details
Price:
$1,299,000
MLS #:
BB24172281
Status:
Active
Baths:
0
Address:
1213 Mariposa Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
628glendalesouthof134fwy
City:
Glendale
Listed Date:
Aug 20, 2024
State:
CA
ZIP:
91205
Lot Size:
7,550 sqft / 0.17 acres (approx)
Year Built:
1912
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Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
Level with Street
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Water
Map
Community
- Address1213 Mariposa Street Glendale CA
- Area628 – Glendale-South of 134 Fwy
- CityGlendale
- CountyLos Angeles
- Zip Code91205
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Courtesy of Redfin Corporation. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1213 Mariposa Street
Glendale, CA
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