616 E Lomita, Glendale, CA 91205
- $2,590,000
List Agent Henrik Khodjasarian () Sarian Realty; CoList ()
- List Price
- $2,590,000
- Price Change
- ▼ $100,000 1776588047
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- BB26064019
- Year Built
- 1931
- Lot Size
- 7,159
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 121
- 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.
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
Mortgage Calculator
Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.