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1702 N Verdugo Rd Road

Glendale, CA 91208
  • $1,900,000
  • STATUS: Closed
  • ON SITE: 54 Days
  • ID#: P1-16696
Sold - 04/12/2024
$1,900,000
SOLD - 04/12/2024
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1978
County:

School Ratings & Info

Listing Agent(s): Melina Kalachian of Keller Williams Realty ((626) 204-3300) and Vince Kalachian of Keller Williams Realty((626) 204-3300)


Description

A Rare opportunity! First time on the market after more than 3 decades. Introducing a rare gem in the desirable Verdugo Woodlands area of Glendale This 5-unit property offers a fantastic investment opportunity. Boasting a spacious 2-bedroom, 2.5-bathroom front townhouse style unit with a private front patio and attached garage, along with four 1-bedroom, 1-bathroom units, all equipped with Central A/C. Located just a few blocks away from Glendale Community College, this property features separate Gas & Electric meters, and Laundry hook ups in each of the units and provides incredible rental upside. Additionally, there is an exciting opportunity to combine this property with the adjacent triplex, currently on the market for $1,350,000.

Sold by Suzy Seropian of Pinnacle Estate Properties.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T23:33:49.027. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/148210008
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1702 N Verdugo Rd Road Glendale, CA 91208

  • Price: $2,250,000
  • Status: Closed
  • On Site: 54 Days
  • Updated: 79 min ago
  • ID#: P1-16696
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1978
Built
Neighborhood:
Not Applicable
County:
Los Angeles
Area:
627 - Rossmoyne & Verdu Woodlands
Property Description
A Rare opportunity! First time on the market after more than 3 decades. Introducing a rare gem in the desirable Verdugo Woodlands area of Glendale This 5-unit property offers a fantastic investment opportunity. Boasting a spacious 2-bedroom, 2.5-bathroom front townhouse style unit with a private front patio and attached garage, along with four 1-bedroom, 1-bathroom units, all equipped with Central A/C. Located just a few blocks away from Glendale Community College, this property features separate Gas & Electric meters, and Laundry hook ups in each of the units and provides incredible rental upside. Additionally, there is an exciting opportunity to combine this property with the adjacent triplex, currently on the market for $1,350,000.
Exterior Features

Carport Spaces 7 Carport YN Yes Fencing None Number Of Separate Electric Meters 5 Parking Features CarportDoor-SingleGarageSee Remarks Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Water Heater Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Heating YN Yes

Property Features

Association Fee 0 Buyer Financing Cash Cap Rate 2.27 Community Features Suburban Garage YN Yes Gross Income 91740 Gross Scheduled Income 91740 Insurance Expense 3500 Land Lease YN No Laundry Features See Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Maintenance Expense 3550 Net Operating Income 50966 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 38939 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 91740 Trash Expense 3578 Water Sewer Expense 2361 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T23:33:49.027. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Melina Kalachian of Keller Williams Realty ((626) 204-3300) and Vince Kalachian of Keller Williams Realty((626) 204-3300)