Description
Please read description completely! Offering for sale presents a rare, high-density residential assemblage in the heart of Glendale’s coveted Mariposa neighborhood. Providing a unique "buy-and-hold" income stream or a powerhouse development site. The crown jewel of the portfolio is 616 E Lomita Ave, a 1931-built multi-family complex that has been meticulously transformed into an 8-unit income generator. The site features a fully renovated 4-unit apartment building paired with 4 modern ADUs, totaling 6,078 square feet of living space with 12 bedrooms and 8 bathrooms. Each unit boasts contemporary finishes, including vinyl plank flooring, quartz countertops, and stainless-steel sinks. Investors will appreciate the operational efficiency of 5 separate electric and gas meters, gated parking for up to 10 vehicles, and on-site community laundry. Boasting a 92 Walk Score, this assemblage is a "Walker’s Paradise" located just blocks from The Americana at Brand and the Glendale Galleria. With easy access to the 134, 5, and 2 freeways and top-tier Glendale Unified schools, this is a premier opportunity to dominate a prime slice of the Glendale real estate market.
Details
| MLS # | BB26064019 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1931 |
| Days On Site | 152 |
| Listing Provided By | Sarian Realty | Henrik Khodjasarian |
Features
| SQ Feet | 6,078 |
|---|---|
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Acreage | 0.16 |
Interior
| Cooling | Whole House Fan, Wall Window Units |
|---|---|
| Heating | Electric, Natural Gas, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Balcony, Ceiling Fans, Multiple Staircases |
| Window Features | Blinds, Energy Star Qualified Windows |
Exterior
| Exterior Features | Lighting, Rain Gutters |
|---|---|
| Roof | Flat, Foam |
| Security Features | Smoke Detectors |
| Construction Materials | Copper Plumbing |
| Foundation Details | Raised |
| Lot Features | Six To Ten Units Acre |
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected |
|---|---|
| Electric | Volts440 |
| Sewer | Public Sewer |
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Glendale |
| Zip Code | 91205 |
| Area | 628 Glendale South of 134 Fwy |
| Listing VS Median (in 91205) | |
Price: $2,590,000 low | high Med: $1,995,000 sqft: 6,078 low | high Med: 2,830 $ / sqft: $426 low | high Med: $705 On site: 152 low | high Med: 175 | |
Market Activity 91205
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Glendale |
| Zip Code | 91205 |
| Area | 628 Glendale South of 134 Fwy |
| Listing VS Median (in 91205) | |
Price: $2,590,000 low | high Med: $1,995,000 sqft: 6,078 low | high Med: 2,830 $ / sqft: $426 low | high Med: $705 On site: 152 low | high Med: 175 | |
 | $2,395,000300 E Garfield AvenueGlendale, CA 91205 |