1256 Mariposa St, Glendale, CA 91205

1256 Mariposa St, Glendale, CA 91205

Glendale, CA

Property Description


  • Excellent Glendale Location on Quiet Tree Lined Street
  • Excellent Unit Mix Consisting of (3) 2 Bed/1.5 Bath, (1) 2 Bed/2 Bath and (3) 1 Bed/1Bath Units
  • Value-Add Opportunity
  • 4 of the 7 Units have been Renovated with High-End Finishes
  • Delivered with (1) 2 Bed/2 Bath Vacant and Remodeled
  • 7,520 Square Foot Lot Zoned GRL4YY


We are pleased to present this 7 unit offering in an excellent Glendale location. 1256 Mariposa St is located on a quiet tree lined street, just walking distance to parks, restaurants, shopping, grocery stores and schools. The subject property has an excellent unit mix consisting of (3) 2 Bed/1.5 Bath, (1) 2 Bed/2 Bath, and (3) 1 Bed/1 Bath apartments. The 4,711 square foot building was built in 1966 and sits on a nice sized 7,520 square foot lot zoned GRL4YY. The building is well parked with 8 parking spaces and also has on-site laundry adding additional income. 4 of the 7 units have been completely renovated with excellent finishes. Additionally, there is still significant upside potential in rents making this a great value-add opportunity.
The subject property is very well positioned south of the 134, west of the 2 and just east of the 5 freeway. Just a short drive from Griffith Park, trendy Atwater Village, and the many shops and dining that Glendale has to offer, the building provides tenants with an abundance of entertainment and amenities. With shopping centers like the Americana and The Glendale Galleria, the area continues to be a draw for shoppers and residents from surrounding cities and areas.

Property Features

  • Sale Price: $2,250,000
  • Area Size: 4,711 Sq. Ft.
  • Land Area: 7,509 Sq. Ft.
  • Year Built: 1966
  • Listing Date: 9/21/2022
  • Closing Date: 12/9/2022
  • Units: 7
  • Current GRM: 16.67
  • Current Cap Rate: 3.77%
  • Market GRM: 12.10
  • Market Cap Rate: 5.72%
  • Current NOI: $86,492

Lyon Stahl Investment Real Estate

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