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$ 2,590,000
Est. payment /mo
Active Under Contract
616 E Lomita Glendale, CA 91205
6 Beds
4 Baths
7,159 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID BB26064019
Bedrooms 6
Lot Size 7,159 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Please read description completely! Offering for sale presents a rare, high-density residential assemblage in the heart of Glendales 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 "Walkers 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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Exit Glendale Ave, south on Glendale turn left on Lomita Ave
Interior
Cooling Attic Fan, Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5675004006
Listed by Henrik Khodjasarian, DRE#01825430 Sarian Realty