616 E Lomita, Glendale, CA 91205

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. 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.