616 E Lomita, Glendale, CA 91205
- $2,590,000
- List Price
- $2,590,000
- Price Change
- ▼ $100,000 1776588047
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- BB26064019
- Year Built
- 1931
- Lot Size
- 7,159
- Acres
- 0.16
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 120
- Property Type
- Multifamily
- Style
- Spanish
- Property Sub Type
- Apartment
Property 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.
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Additional Information
- Other Buildings
- Storage
- Pool Description
- None
- Heat
- Electric, Natural Gas, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Whole House Fan, Wall/Window Unit(s)
- Exterior Construction
- Copper Plumbing
- Roof
- Flat, Foam
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Ceiling Fan(s), Multiple Staircases
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $188,976
- Operating Expense
- 11400
Listing courtesy of Listing Agent: Henrik Khodjasarian (sarianrealty@att.net) from Listing Office: Sarian Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.