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616 E Lomita Ave

Glendale CA 91205

6
4
7159 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

6 bedrooms
4 bathrooms
7159 sq. ft. lot size
Multi-Family

Property history for 616 E Lomita Ave

2017
Sold
$1,400,000
18 Jan 2017 by Arpik Mukelyan

Happy sellers in Glendale

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We have insufficient information to provide an overview of customer satisfaction for Glendale. Viewing the agent profiles, reviews and sales for Glendale can provide insights for this location.

Local market activity for 6 bedroom multi families in Glendale

In the last 12 months, 1 six-bedroom multi family similar to 616 E Lomita Ave, have been sold.

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(619) 566-0008
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