Seller's Agent in 2025
'Vic' Vartan Markarian
Markarian Realty
(818) 248-8668
3 in this area
117 Total Sales
1055 Grover Ave Glendale, CA 91201
Grandview Neighborhood
11
Beds
11
Baths
7,211
Sq Ft
7,741
Sq Ft Lot Lot
Highlights
- Private Yard
- No HOA
- Cooling System Mounted To A Wall/Window
- Herbert Hoover High School Rated A-
- Fireplace
- Laundry Room
About This Home
As of October 2025Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area. Pride of ownership, Owns for about 50 years. Lowest price per unit in Glendale $255k/unit. Due to this long term ownership relationship with great tenants, the current rents have remained very low, leaving about 80% upside in rents Current rents are significantly below market, for 10 units totaling about $165,000 a year. One 3 bed 2 bath, Two 2 bed 1 bath, Five 1 bed 1 bath, Two single. The rents in the area for a 3 bedroom unit can be over $3,500, for 2 bed $2800 and 1 bed $2100 a month. Some TLC on this property current rents can potentially go up about $257,000 a year. The property is centrally located for commutes, supermarkets, restaurants and schools . Driving distance downtown Los Angeles, Burbank, Montrose, Americana and Glendale Galleria, NOHO district, Old Town Pasadena, and the Rose Parade, JPL. Local LA and Hollywood attractions include the Music Center, Disney Music Hall, and Hollywood Bowl.
This 10 units is truly one of a kind and great investment. Per seller, inside 6 units are updated, Has copper plumbing, newer water heater, walk way, all wall heaters and wall A/C’s, about 13 parking, Everything in this area sells quickly, priced right and will not last long in this market.
Last Agent to Sell the Property
Markarian Realty Brokerage Email: MarkarianRealty@gmail.com License #01059771 Listed on: 08/04/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 7,741 Sq Ft Lot
- 1 Common Wall
- Private Yard
Parking
- 13 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
- Flat Roof Shape
Interior Spaces
- 7,211 Sq Ft Home
- 2-Story Property
- Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 11 Bedrooms
- 11 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Standard Electricity
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 20
- Tax Tract Number 8219
- Assessor Parcel Number 5623031015
Community Details
Overview
- No Home Owners Association
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Leased Units
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $3,120
- Insurance Expense $3,000
- Trash Expense $3,960
- Water Sewer Expense $1,800
- Operating Expense $11,880
- Gross Income $157,380
- Net Operating Income $118,035
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/17/2025 10/17/25 | Sold | $2,525,000 | -1.0% | $350 / Sq Ft |
| 08/26/2025 08/26/25 | For Sale | $2,550,000 | 0.0% | $354 / Sq Ft |
| 08/13/2025 08/13/25 | Pending | -- | -- | -- |
| 08/04/2025 08/04/25 | For Sale | $2,550,000 | -- | $354 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $29,959 | $2,679,540 | $1,607,520 | $1,072,020 |
| 2024 | $4,576 | $314,304 | $50,397 | $263,907 |
| 2023 | $4,497 | $308,142 | $49,409 | $258,733 |
| 2022 | $4,427 | $302,101 | $48,441 | $253,660 |
| 2021 | $4,320 | $296,179 | $47,492 | $248,687 |
| 2019 | $4,185 | $292,397 | $46,085 | $246,312 |
| 2018 | $4,009 | $286,763 | $45,182 | $241,581 |
| 2016 | $3,720 | $270,825 | $43,429 | $227,396 |
| 2015 | $3,658 | $266,758 | $42,777 | $223,981 |
| 2014 | $3,702 | $261,534 | $41,940 | $219,594 |
Source: Public Records
Agents Affiliated with this Home
-
'Vic' Vartan Markarian
-
Ryan Loria
Buyer's Agent in 2025
Ryan Loria
Triqor Group
(714) 604-6608
1 in this area
16 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD25174883
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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