1213 Mariposa Street
Glendale,
CA
91205
Property Details
List Price: |
$1,375,000 |
Beds: |
4 |
Baths: |
-- |
Status: |
Active |
SqFt: |
2958 |
Agency: |
Redfin Corporation |
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Description/Comments
Lot Size: |
7,550 sqft |
Property Type: |
MultiFamily |
Year Built: |
1912 |
Notes: |
INCREDIBLE PRICE FOR A REAL FIVE UNIT BUILDING. FIX AND SAVE. PRIME GLENDALE ADAMS HILL/ADAMS SQUARE MULTI UNIT FIXER OPPORTUNITY. 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 - 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. |
MlsNumber: |
BB24099096 |
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Listing Provided By: |
Redfin Corporation, original listing |
Name: |
Redfin Corporation |
Phone: |
(949) 294-6186 |
Office Name: |
Redfin Corporation |
Office Phone: |
(877) 973-3346 |
Agent Name: |
Arto Poladian |
Disclaimer: |
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |