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Listed by Henrik Khodjasarian, DRE #01825430 • Sarian Realty
$ 2,590,000
Est. payment /mo
Contingent
616 E Lomita Glendale, CA 91205
7,159 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRBB26064019
Style Spanish
Year Built 1931
Lot Size 7,159 Sqft
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Heating Gas, Wall Furnace , Electric
Cooling Whole House / Attic Fan, Window / Wall Unit
Laundry Gas Hookup, 30
Exterior
Parking Features Assigned Spaces
Pool None
Roof Type Flat / Low Pitch,Foam
Building
Foundation Raised
Water District - Public
Architectural Style Spanish
Others
Tax ID 5675004006
Special Listing Condition Not Applicable , Accepting Backups
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