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.
Additional Features
- 6-10 Units/Acre
- Two
- Parking spaces: 0.00
- Listing Status: Active
- Listing Agent: Levon Alexanian
(lic# 00911091)
of Southland
- Listing Office: Keller Williams World Media Center
(lic# 01521876)
-
Based on information from CRISNet MLS as of 23rd May 2024 at 4:26pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
