Recently Listed New ConstructionOpen House 3/14 1pm - 3pm
1258 Mariposa St Street
Glendale, CA, 91205 $ 3,495,000
Baths1.0 Sq 4,265 Monthly Estimate*
$ 21,519
Listed by Keller Williams Realty
Studio for $3,495,000 with 1 full bath. This 4,265 square foot home was built in 1950 on a lot size of 0.2469.
Welcome to this rare investment opportunity in Glendale, featuring a meticulously renovated and newly expanded 6-unit multifamily property situated on an expansive 10,755 SF lot. The property consists of 3 extensively remodeled units and 3 newly constructed luxury ADUs, offering investors a turnkey 4,265 SF of living space asset with strong rental potential. The unit mix includes (3) 2BR+1BA triplex, (2) 2BR+2BA duplex, and (1) 1BR+1BA house, each designed with modern finishes and functional layouts. All units feature new kitchens and bathrooms, stainless steel appliances, in-unit washer/dryers, new plumbing and sewer line, new electrical wirings and panels, LED lighting, new roof, windows, doors, flooring, new A/C units, new water heaters, new vinyl fencing, new pavers, new concrete driveway and parking lot, and so much more. The property offers new landscaping, private patios for each unit, striking curb appeal, and six on-site parking spaces, creating a highly desirable bungalow-style living environment with added privacy compared to traditional apartment buildings. The property will be delivered 100% vacant, allowing a new owner to lease units at market rents and maximize income immediately. In addition to traditional multifamily use, the property's layout and configuration may accommodate specialized residential uses such as assisted living, sober living, outpatient treatment, detox/rehab, or daycare facilities, subject to buyer verification of licensing and permit requirements. Located in one of Glendale's established residential neighborhoods with convenient access to major employment centers, retail, and transportation corridors, this property represents a rare turnkey investment opportunity with modern construction and strong income potential.
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Open House
3/14/2026 1:00 PM - 3:00 PM
3/15/2026 1:00 PM - 3:00 PM
1258 Mariposa St Street Glendale, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralHeating SeeRemarks
Cooling SeeRemarks
Possession CloseOfEscrow
HOA Fee 0
Garage Spaces 0
Architectural Style SeeRemarks
Pool Features None
Year Built 1950
View None
Stories Count 1
Levels One
Gross Income 234000
Community Features Sidewalks
County Los Angeles
Net Operating Income 177019
Operating Expense 52301
Insurance Expense 5081
New Construction true
Property Type ResidentialIncome
MaintenanceExpense 1200
Subdivision Name Not Applicable
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Between Palmer and Cypress
City Glendale
Senior Community Y/N false
Number Of Units Total 6
MLS Area 628 - Glendale-South of 134 Fwy
Lot Size Units SquareFeet
Lot Size Square Feet 10755
Listing Terms CashToNewLoan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 2880
Rent Control Y/N true
Standard Status Active
Year Built Source SeeRemarks
Tax Lot 2
Total Actual Rent 0
Cap Rate 5.06
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InteriorFireplace Features None
Total Stories 1
Common Walls NoOneAbove
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features SeeRemarks
Total Baths 0
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ExteriorFencing SeeRemarks
Parking Features Assigned
Total Parking 6
Lot Size Area 10755
Number of Buildings 3
Spa false
Building Area Total 4265
Lot Size Acres 0.2469
Private Pool false
Lot Size Source PublicRecords
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 6
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* Excluded FeaturesList ByKeller Williams RealtyBroker
melinakalachian@yahoo.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $21,519
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Glendale, CA
Average List Price $1,559,627
Percent of Sale Price 55%
About Glendale, CA 199,017 Population
2% Since 2002
$ 61,015 Median Income
42.24 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/11/2026 | $3,495,000 | | Listed Price |