$4,900,000
SOLD MAR 5, 2020
5 Beds
5 Baths
13,020 Sq Ft
0.39 Acres

Recently Sold

$376 Per Sq Ft

5% Below List Price

8 Days on Market

Highlights

  • In Ground Pool
  • Hiking Trails
  • Foothills
  • 0.39 Acre Lot
  • Laundry Room

About This Home

As of June 2021

We are pleased to exclusively offer The GlenVerdugo Apartments for sale, a 17 unit professionally managed community in Glendale. This mid-century building is located on a major thoroughfare, Verdugo Rd, right through the heart of the city. The long term family owners in conjunction with a professional management company, have mutinously maintained the asset. The GlenVerdugo Apartments are comprised of very well laid out spacious units. Unit Mix of (2) 0+1, (10) 1+1, (1) 2+1, (2) 2+1.5, (1) 2+1.75, (1) 2+2. Rents averaging for 0+1 averaging $1,262, for one-bedrooms averaging $1,592, for two bedrooms averaging $1,799, total scheduled rent is $27,353. The extremely close proximity to the outdoor shopping mall, better known as one of L.A.'s premier dining, shopping, and entertainment hot spots, is a major plus for tenants. The property offers considerable upside in rents along with additional added value opportunity. Contact listing agent for a complete offering memorandum.

Last Agent to Sell the Property

Levon Alexanian

Keller Williams World Media Center License #00911091 Listed on: 12/11/2019

Keller Williams World Media Center

Last Buyer's Agent

Levon Alexanian

Keller Williams World Media Center License #00911091 Listed on: 12/11/2019

Keller Williams World Media Center

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.39 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • 13,020 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 17 Units
  • Foothills
  • Mountainous Community

Amenities

  • Laundry Facilities

Recreation

  • Hiking Trails

Building Details

  • Rent Control
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 18 Separate Water Meters
  • Operating Expense $119,216

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Other Phone Description: 8182391206
  • 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: 2+ Common Walls
  • Price Per Square Foot: 376.34

Exterior Features

  • Pool Features: Private, In Ground
  • Pool Private: Yes

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Foothills, Hiking, Mountainous, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 16902.00
  • Lot Size Acres: 0.3880

Multi Family

  • Lot Size Area: 16902.0000 Square Feet
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 18
  • Number Of Units Total: 17
  • Rent Control: Yes
  • Total Expenses: 119216.00

Tax Info

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

Similar Home in Glendale, CA

  • 1052 Elm Ave, Glendale, CA 91201

    $3,750,000

    • 2 Beds
    • 1 Bath
    • 9,716 Sq Ft
    • 1052 Elm Ave
    • Glendale, CA

    Presenting a solid investment opportunity, this two-story apartment complex features ten consistent 2-bedroom, 1-bathroom units. Located in a desirable residential area, the property offers a low-maintenance profile with recent upgrades, including new underground pipes and a newer roof. The 9,716 SF building, positioned on a 7,973 SF lot, provides ample living space. Tenants benefit from

    Justin McCardle Growth Investment Group Pasade

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19279418

California Regional Multiple Listing Service (CRMLS)