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Listed by Arto Poladian • Redfin Corporation
$ 1,235,000
$ 1,249,000 1.1%
Est. payment /mo
Sold on 01/16/2025
1213 Mariposa Street Glendale, CA 91205
2,958 SqFt
UPDATED:
Key Details
Sold Price $1,235,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,958 sqft
Price per Sqft $417
MLS Listing ID BB-24244859
Sold Date 01/16/25
Year Built 1912
Lot Size 7,550 Sqft
Property Sub-Type Apartment
Property Description
GLENDALE - 5 UNITS - FIXER - CASH OR HARD MONEY ONLY. 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 25+ 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 (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 VERY STRONG DOWNPAYMENT ONLY AS THIS IS WILL REQUIRE A COMMERCIAL LOAN BECAUSE IT IS 5 UNITS.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR4YY
Interior
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Sidewalks
Building
Lot Description Level with Street
Sewer Public Sewer