Description

Seller credit of 3% to buyer at close of escrow. This combined offering at 616 and 622 E Lomita Avenue (with separate APN numbers MLS# BB26064021) presents a rare, high-density residential assemblage in the heart of Glendale’s coveted Mariposa neighborhood. Together, these two adjacent parcels create a massive 0.32-acre footprint (approx. 14,133 sq. ft. of land), 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. Directly adjacent is 622 E Lomita Ave, a charming 1,204-square-foot residence built in 1913. This 3-bedroom, 1-bathroom home sits on a generous 6,974-square-foot lot and features classic details like hardwood floors and high ceilings. Whether used as an owner-user residence, a high-end rental, or integrated into the larger development footprint, its GLR4YY zoning ensures maximum versatility. Boasting a 92 Walk Score, this assemblage is a "Walker’s 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.