Marcus & Millichap is pleased to present 1228 Mariposa St, a 7 unit apartment building located in Glendale, a San Fernando Valley neighborhood. Built in 1961, the property consists of (2) one-bedroom + one-bathroom units and (5) two-bedroom + one-bathroom

units. The building is 6,041 gross square feet and sits on a 7,268 square foot lot.

1228 Mariposa St is located on a charming, tree-lined street in Glendale. There is no shortage of activities to explore in the area. From shopping at the Burbank Town Center, or Glendale Galleria to exploring Griffith Park and Stough Canyon, just a few miles away.

Strategically positioned within the San Fernando Valley, Glendale offers convenient access to major transportation routes, including the 135, 2 and 5 freeways. Its central location makes it an attractive choice for those needing to traverse to different parts of Los Angeles.

1228 Mariposa St represents a unique value-add opportunity for investors due to the property’s location and rental upside. The property offers an initial CAP rate of 4.17% with the ability to improve to a 6.42% CAP rate once units turnover.

‍