1213 Mariposa ST Glendale, CA 91205

Active

$1,348,900

5 Units

4 Beds

0 Baths

2,958 Area(sq.ft.)

7,550 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	1	3	No	$ 1,875	$ 1,875	$ 3,300
Unit 2	3	studio	No	$ 1,177	$ 1,177	$ 3,500
Unit 3	1	1	No	n/a	n/a	$ 1,800
3	5	4		$ 5,406	$ 5,406	$ 15,600

MLS #:	BB23219392MR
Days On Market:	95
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 456
Price per unit:	$ 269,780
Year Built:	1912

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

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. One - 1 bedroom/1 bath unit. THREE separate studio units (one of them a stand-alone), plus a converted garage studio. One of the studio units is vacant and gutted, and ready to be renovated. NEWLY VACATED 1 BED/1 BATH UNIT AS WELL JUST REDONE (SEE NEW PICS). All of the other units are occupied (month to month). Lots of room for improvement. THREE total structures on the lot. Please do not disturb tenants or go on property. Drive by only subject to interior inspection. 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 $3900 TOTAL but this does not include the 1 bed/1 bath unit that is now vacant and has been renovated and this does not include the gutted detached studio. CASH/HARD MONEY OR STRONG DOWNPAYMENT ONLY AS THIS IS WILL REQUIRE A COMMERCIAL LOAN BECAUSE IT IS 5 UNITS.