Glendale, CA 91205 1213 Mariposa Street
$1,299,000
30 more
Presented By: Arto Poladian with Redfin Corporation;
Home Details
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.
Presented By: Arto Poladian with Redfin Corporation;
Interior Features for 1213 Mariposa Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 1213 Mariposa Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityGlendale
Community FeaturesSidewalks
CountyLos Angeles
Current FinancingNone
Days on Market5
DirectionsMariposa between Palmer and Cypress
Electric Expense0.0
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet7550.0
Lot Size UnitsSquareFeet
MLS Area628 - Glendale-South of 134 Fwy
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Number of Units Leased1
NumberOfUnitsTotal5
Operating Expense0.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Tax Lot23
Tenant PaysWater
TermsCashtoNewLoan
Total Actual Rent3787.0
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1912
Year Built SourceAssessor
ZoningGLR4YY
Exterior for 1213 Mariposa Street
Building Area Total2958.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.1733
Lot Size Area7550.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters6
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480