1213 Mariposa Street
Glendale, CA, 91205
$1,249,000
Beds
0 Baths
SqFt
0.17 Acres
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GLENDALE – 5 UNITS – FIXER – CASH OR HARD MONEY ONLY. 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 25+ 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 (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&#39's with a BRAND NEW ROOF INSTALLED ON BUILDING 2 – with the stand alone unit built in 1960&#39'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 VERY STRONG DOWNPAYMENT ONLY AS THIS IS WILL REQUIRE A COMMERCIAL LOAN BECAUSE IT IS 5 UNITS.

Property Details

Price:
$1,249,000
MLS #:
BB24244859
Status:
Pending
Baths:
0
Address:
1213 Mariposa Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
628glendalesouthof134fwy
City:
Glendale
Listed Date:
Dec 6, 2024
State:
CA
ZIP:
91205
Lot Size:
7,550 sqft / 0.17 acres (approx)
Year Built:
1912
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1213 Mariposa Street
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