• $9,000,000
  • 36,628 lot
  • Est payment $48313.95/mo

1748 N Verdugo Road, Glendale, CA 91208

230170391 34.17343 -118.22568 124 /listing/230170391-150159606/1748-n-verdugo-road-glendale-ca-91208 False 0 9000000.0 105 319000344 False

Property & Neighborhood Info

Courtesy Of George Yessaie, JohnHart Real Estate

Multi-Family in Glendale

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.

Courtesy Of George Yessaie, JohnHart Real Estate
  1. 36,628 Lot

Main Features

  • Listing Status: For Sale Under Contract
  • Year Built: 1949
  • County: Los Angeles
  • Units: 29
  • Zoning: GLR4*
  • MLS Number:319000344

Additional Features

  • Cooling:
    • Wall/Window Unit(s)
  • Flooring:
    • Carpet
    • Laminate
    • Tile
    • Wood
  • Interior Features:
    • Balcony
    • Copper Plumbing Partial
  • Laundry:
    • Common Area
    • Community
  • Laundry Equipment:
    • Own
  • Levels:
    • Two
  • Water Source:
    • Public
  • Condition:
    • Updated/Remodeled
  • Land Size Source:
    • Assessor
  • Parking:
    • Assigned
    • Covered
    • Detached Carport
    • Parking Space
  • Parking Spaces:
    • 0.00
  • Heating:
    • Natural Gas
    • Wall Furnace
  • Number of Buildings:
    • 2
  • Gross Income:
    • 46472.00
  • Net Operating Income:
    • 341070.00
  • CDOM:
    • 146
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Cable TV
    • Electricity
    • Gas
  • Cable TV Expense:
    • 0.00
  • Equity Amount:
    • 0
  • Fuel Exp:
    • 0.00
  • Gross Operating Income:
    • 560064.00
  • Insurance Expense:
    • 0.00
  • Land Value:
    • 0
  • Lot Size Acres:
    • 0.8409
  • Lot Size Area:
    • 36628.0000
  • Lot Size Square Feet:
    • 36628.00
  • Maintenance Exp:
    • 0.00
  • Number Of Units Leased:
    • 29
  • Operating Expense:
    • 202192.00
  • Other Income/Mo:
    • 0.00
  • Price Per SQFT:
    • 357.48
  • Price Per Unit:
    • 310344
  • Tax ID:
    • 5652018046
  • Total Expenses:
    • 0.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.

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Sako Baghoyan
Sako Baghoyan
Realtor

1748 N Verdugo Road Glendale, CA 91208

230170391 34.17343 -118.22568 124 /listing/230170391-150159606/1748-n-verdugo-road-glendale-ca-91208 False 0 9000000.0 105 319000344 False
  • $9,000,000
  • 36,628 lot
  • Est payment $48313.95/mo