The offering represents the highest in-place-yielding apartments for sale currently in the city of Glendale*

Owned and operated by the same family for over 2 decades, they have exerted extensive capital improvements throughout their tenure. The property consists of 2 story 1+1+Dens that are all functioning as as 2+1. All units have individual washer & dryer hookups and water heaters. Electrical is updated and the property is individually metered for gas & electricity.

With an average in-place rent of $2,285, there is a significant loss to lease (11%+) Additionally, the incorporating of potential (2) 1+1 ADUs in th parking lot, can take a new buyer’s pro forma yield to 7.5%*

Casa De Mariposa with a WalkScore of 91! is situated less than 1 mile to Americana at Brand and all of the robust shopping dining &
entertainment along downtown Glendale. (*) buyer to verify.

For the offering memorandum or any questions, call Greg Alexanian.