Back to Search
1213 Mariposa St
For Sale $1,299,000
$1,299,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 7,550 Sq Ft
Description
INCREDIBLE OPPORTUNITY, AMAZING PRICE FOR A REAL FIVE UNIT BUILDING. FIX AND SAVE. PRIME GLENDALE ADAMS HILL/ADAMS SQUARE MULTI UNIT FIXER. HUGE UPSIDE POTENTIAL!! FIRST TIME ON THE MARKET IN 20+ YEARS. UNDER MARKET RENTS – TREMENDOUS POSSIBILITIES. ZONED GLR4YY. Five units total PLUS a converted garage studio. Breakdown is as follows: One - 3 bedroom/2 bath front house (NOW VACANT). One - 1 bedroom/1 bath unit (LEASED). THREE separate studio units (TWO ON MONTH TO MONTH and one gutted/vacant), plus a converted garage studio (WILL BE DELIVERED VACANT after COE). One of the studio units is vacant and gutted, and ready to be renovated. NEWLY UPDATED 1 BED/1 BATH UNIT - JUST REDONE (SEE NEW PICS). Lots of room for improvement. THREE total structures on the lot. Please do not disturb tenants or go on property. Front house built in 1912 - middle units built in the 1950's with a BRAND NEW ROOF INSTALLED ON BUILDING 2 - with the stand alone unit built in 1960's. DO NOT MISS YOUR CHANCE!! Active rents at this time are approximately $3787 TOTAL per month BUT this does not include newly vacant front house (which will easily double incoming rents), plus detached studio. CASH/HARD MONEY OR STRONG DOWNPAYMENT ONLY AS THIS IS WILL REQUIRE A COMMERCIAL LOAN BECAUSE IT IS 5 UNITS.
Loading map...
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,299,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1912 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5676029011 |
| MLS # | BB24172281 |
| Property ID | 320781705 |
| Lot Sqft | 7,550 |
| Zoning | GLR4YY |
| Total Units | 5 |
| Days on Market | 124 |
| Original List Price | $1,299,000 |
| Date Updated | September 30, 2024 |
| Date Created | August 20, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $3,787 | $0 |
| Net Income (Yr) | $ 0 |
Listing Provided By
Arto Poladian an agent of . Lic #01779642
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 30, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT