Courtesy of: Levon Alexanian, Keller Williams World Media Center, info@alexanianadvisors.com
Courtesy of: Levon Alexanian, Keller Williams World Media Center, info@alexanianadvisors.com
$3,850,000
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2 bed
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1.00 Bath (1 Full Bath)
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Lot: 10,139.00 Square Feet
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Apartment
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$3,850,000
827 Mariposa Street 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.
Courtesy of: Levon Alexanian, Keller Williams World Media Center, info@alexanianadvisors.com
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