NOT LISTED FOR SALE

135 N Verdugo Rd Glendale, CA 91206

Citrus Grove Neighborhood
5 Beds
4 Baths
13,020 Sq Ft
0.39 Acres

Last Sold June 08, 2021

Last sale price $5,800,000 $445 Per Sq Ft

52 Days on Market

About This Home

As of June 2021

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 ***

Last Agent to Sell the Property

Levon Alexanian

Keller Williams World Media Center License #00911091 Listed on: 02/16/2021

Keller Williams World Media Center

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.39 Acre Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Parking

  • 21 Car Garage

Home Design

  • 13,020 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 6178
  • Assessor Parcel Number 5645026018

Community Details

Building Details

  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 18 Separate Water Meters
  • Gross Income $387,096
  • Net Operating Income $252,903

Additional Features

  • 17 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

21

Listing Details

  • CapRate: 4.10
  • Property Attached: Yes
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Parcel Number: 5645026018
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 445.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 21.00
  • Total Parking Spaces: 21.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 16905.00
  • Lot Size Acres: 0.3881

Multi Family

  • Gross Income: 387096.00
  • Gross Multiplier: 16.10
  • Gross Scheduled Income: 387096.00
  • Laundry Income: 200.00
  • Lot Size Area: 16905.0000 Square Feet
  • Net Operating Income: 252903.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 18
  • Number Of Units Total: 17
  • Operating Expense: 379354.00
  • Other Income1: 450.00
  • Rent Control: No
  • Vacancy Allowance: 7742

Tax Info

  • Tax Census Tract: 3020.04
  • Tax Lot: 9
  • Tax Tract Number: 6178

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2021 06/08/21 Sold $5,800,000 -7.2% $445 / Sq Ft
04/09/2021 04/09/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $6,250,000 +27.6% $480 / Sq Ft
03/05/2020 03/05/20 Sold $4,900,000 -4.9% $376 / Sq Ft
12/19/2019 12/19/19 Pending -- -- --
12/11/2019 12/11/19 For Sale $5,150,000 -- $396 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Levon Alexanian

    Seller's Agent in 2021

    Levon Alexanian

    Keller Williams World Media Center

    (818) 219-3366

    4 in this area

    18 Total Sales

    Levon Alexanian
    Section Image

  • N

    Buyer's Agent in 2021

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    5,731 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21032027

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Glendale 91206 Citrus Grove

135 N Verdugo Rd, Glendale, CA

This home is located at 135 N Verdugo Rd, Glendale, CA 91206 since 16 February 2021. This property was built in 1960. 135 N Verdugo Rd is a home located in Los Angeles County with nearby schools including John Marshall Elementary School, Woodrow Wilson Middle School, and Glendale High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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