1213 MARIPOSA ST GLENDALE, CA 91205

Features

• Price/sqft: $439
• Lot Size: 7550 sq. ft.
• Total Units: 5
• Total Rooms: 4
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
• Heating: 24
• Construction Type: Wood

Facts

• Year Built: 01/01/1912
• Property ID: 883645300
• MLS Number: BB24172281
• Parcel Number: 5676-029-011
• Property Type: Townhouse or Condo
• County: LOS ANGELES
• Legal Description: HALSPACH TRACT LOT/SEC 23
• Zoning: GLR4YY
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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.