Listed by Keller Williams, Keller Williams Realty Riv
$3,495,000
1258 Mariposa St Street
Details
APN 5676027018
Property Type Multifamily
Sub Type Apartment Building
Units 6
Cap Rate 5.06%
Buildings 3
Stories 1
Acreage 0.247
Zoning See Remark
Multifamily | 5.06% CAP | 6 Units
Marketing description
Welcome to this rare investment opportunity in Glendale, featuring a meticulously renovated and newly expanded 6-unit multifamily property situated on an expansive 10,755 SF lot. The property consists of 3 extensively remodeled units and 3 newly constructed luxury ADUs, offering investors a turnkey 4,265 SF of living space asset with strong rental potential. The unit mix includes (3) 2BR+1BA triplex, (2) 2BR+2BA duplex, and (1) 1BR+1BA house, each designed with modern finishes and functional layouts. All units feature new kitchens and bathrooms, stainless steel appliances, in-unit washer/dryers, new plumbing and sewer line, new electrical wirings and panels, LED lighting, new roof, windows, doors, flooring, new A/C units, new water heaters, new vinyl fencing, new pavers, new concrete driveway and parking lot, and so much more. The property offers new landscaping, private patios for each unit, striking curb appeal, and six on-site parking spaces, creating a highly desirable bungalow-style living environment with added privacy compared to traditional apartment buildings. The property will be delivered 100% vacant, allowing a new owner to lease units at market rents and maximize income immediately. In addition to traditional multifamily use, the property's layout and configuration may accommodate specialized residential uses such as assisted living, sober living, outpatient treatment, detox/rehab, or daycare facilities, subject to buyer verification of licensing and permit requirements. Located in one of Glendale's established residential neighborhoods with convenient access t
Listing Contacts
Listed by Keller Williams, Keller Williams Realty Riv
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