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1748 North Verdugo Road, Glendale, CA 91208
5 Beds
30 Baths
25,176 sqft

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Amazing opportunity to own a gem in North Glendale above Glendale Community College. This building was constructed in 1958 and consists of two buildings, i.e. a 17 unit and a 12 unit, on the same lot. There are (12) 2+1, (16) 1+1 and (1) 2+1.5 Townhouse on a 36,600 SQFT lot in a 25,000 Sqft improvement. Each building consists of various fourplexes connected to one another on the roof line, and there are 29 detached garages, no'' soft story. Majority of the units have been remodeled with hardwood flooring, ceramic wall and floor tiles in bathroom and kitchen, wall type heating and air conditioning. Recently, the Electrical service to the building was upgraded with a 1200 amp service facilitating the improving units with central A/C and charges for Electric cars. The building is located right across from blue ribbon Verdugo Woodlands Elementary school highly sought by Glendale parents. It is also walking distance to GCC facilitating possibility of student housing arrangements. The property has a historically high occupancy rate and a new owner can take over and achieve an above market return for the city of Glendale by enhancing use intensity, i.e. student housing; or, improving amenities, i.e. Central A/C, Electric car charges.
  • Price:
  • $9,000,000
  • Bedrooms:
  • 5
  • Square Footage:
  • 25,176
  • Acreage:
  • 0.84
  • Year Built:
  • 1949
  • Listing ID #:
  • 319000344
  • Street Address:
  • 1748 North Verdugo Road
  • City:
  • Glendale
  • State:
  • California
  • Postal Code:
  • 91208
  • County:
  • Los Angeles
  • Community:
  • Glendale
  • Listing Status:
  • Active Under Contract
  • Building Condition:
  • Updated/Remodeled
  • Construction Description:
  • Frame And Stucco
  • Flooring:
  • Carpet, Ceramic Tile, Laminated, Wood
  • Number Of Units:
  • 29
  • Square Footage Source:
  • Public Records
  • Stories:
  • Two Level
  • Total # Of Buildings:
  • 2
  • Total Building Square Footage:
  • 25176
  • Unit1 Bedrooms:
  • 1
  • Unit2 Bedrooms:
  • 2
  • Unit3 Bedrooms:
  • 2
  • Year Built:
  • 1949
  • Adjusted Gross Income:
  • 543262.00
  • Net Operating Income:
  • 341070.00
  • Approximate Lot Size Range Source:
  • Public Records
  • Conforms To Zoning:
  • Glr4*
  • Lot Square Footage:
  • 36628
  • Days On Market:
  • 169
  • Price Per Acre:
  • 10702818.41
  • Price Per Square Foot:
  • 357.48
  • Tenant Pays:
  • Cable Tv, Electricity, Gas
  • Kitchen Appliances:
  • Free Standing Gas
  • Garage Capacity:
  • 0.0
  • Parking Description:
  • Covered Parking
  • Parking Spaces:
  • 29
  • Parking Type:
  • Assigned, Carport Detached, Parking Space
  • Cooling System:
  • Air Conditioning, Ceiling Fan(s), Wall Unit(s)
  • Existing Water:
  • Public
  • Heating:
  • Wall Gas, Wall Heater
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • In, Connected & Paid
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Originating MLS: ITECH
  • CARETS

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CRMLS Listing Provided By Richard Byrd of Park Place Partners