Address
135 N Verdugo Road Glendale, CA
Price
$ 6,250,000
Property Attributes
  • MLS#SR21032027
  • TypePending
  • CountyLOS ANGELES
  • CityGlendale
  • Zip91206
  • Style
  • Price$ 6,250,000
  • Bedrooms17
  • Full Bathrooms17
  • Half Bathrooms0
  • Lot Size0.39 Acres
Listing Provided Courtesy Of:
Levon Alexanian with Keller Williams World Media Center.
Data Source:
CRMLS
Property Description

We are pleased to present the GlenVerdugo apartments, a well appointed 17 unit community in Glendale. Extensive modernization and remodel efforts have resulted in a stabilized asset in high demand. With the current in place NOI, an investor could obtain 60% LTV I.0. and achieve 5.1% return cash on cash. The current ownership has gone through great lengths and capital improvements to offer tenants a warm and inviting community including a courtyard lounge and BBQ area, lighting package, signage, secured access and parking just to name a few. 10 of the 17 units have been completely remodeled, the remaining units on turnover will allow the new buyer to realize even greater rate of return on their investment. The GlenVerdugo is a one of a kind unique asset, located within minutes to Americana at Brand & Galleria, is highly walkable with a 89 Walk-Score, and immediate access to the 2, 5, and 134 freeways. There is a large affordability gap in Glendale, $995,000 is the median home sales price with majority of residents being renters. The strong fundamentals, highly regarded police & fire departments, blue ribbon schools, and strong workforce, historically low vacancy - all lend to the continued desire to invest in Glendale. *** For full offering memorandum email or call listing agent ***

Price History
2/17/2021 Listed $6,250,000

General Features

Community Features Urban
Garage Spaces 21
Garage Y/N Yes
Listing Agent Levon Alexanian - BRE#00911091
Listing Agent State License 00911091
MLS Area 699 - Not Defined
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Total Units 17
Virtual Tour http://www.glenverdugo.com
Zoning GLR4YY

Interior Features

Common Walls 1 Common Wall
Laundry Features Common Area

Exterior Features

Lot Features 16-20 Units/Acre
Lot Size Acres 0.39
Lot Size Area 16905
Lot Size Source Assessor
Lot Size Square Feet 16905
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 18
Number of Separate Gas Meters 18
Number of Separate Water Meters 18
Total Parking 21
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91206

Price
AVG $1.22M
$6.25M
Visits
AVG 47
68
Year Built
AVG 1960
1960
Walkscore
AVG 69
89
Data Provided by Walkscore ® not using MLS data

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