NOT LISTED FOR SALE

1702 N Verdugo Rd Glendale, CA 91208

Verdugo Woodlands Neighborhood
6 Beds
6 Baths
-- Sq Ft
7,049 Sq Ft Lot

Last Sold April 12, 2024

Last sale price $1,900,000

34 Days on Market

Highlights

  • Laundry Room
  • Verdugo Woodlands Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of April 2024

A Rare opportunity! First time on the market after more than 3 decades. Introducing a rare gem in the desirable Verdugo Woodlands area of Glendale This 5-unit property offers a fantastic investment opportunity. Boasting a spacious 2-bedroom, 2.5-bathroom front townhouse style unit with a private front patio and attached garage, along with four 1-bedroom, 1-bathroom units, all equipped with Central A/C. Located just a few blocks away from Glendale Community College, this property features separate Gas & Electric meters, and Laundry hook ups in each of the units and provides incredible rental upside. Additionally, there is an exciting opportunity to combine this property with the adjacent triplex, currently on the market for $1,350,000.

Last Agent to Sell the Property

Melina Kalachian, CCIM

Keller Williams Realty Brokerage Phone: (818) 522-1900 License #01877904 Listed on: 03/02/2024

Keller Williams Realty

Co-Listed By

Vince Kalachian

Keller Williams Realty Brokerage Phone: (818) 522-1900 License #01172350

Last Buyer's Agent

Suzy Seropian

Pinnacle Estate Properties License #01368832

Pinnacle Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,049 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 1 Car Garage
  • 7 Carport Spaces
  • Parking Available
  • Single Garage Door

Home Design

  • Apartment

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Water Heater

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tax Lot 051
  • Assessor Parcel Number 5652011051

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $3,500
  • Maintenance Expense $3,550
  • Trash Expense $3,578
  • Water Sewer Expense $2,361
  • Operating Expense $38,939
  • Gross Income $91,740
  • Net Operating Income $50,966

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 2.27
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2361.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5652011051
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 7.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport, Garage - Single Door
  • Total Parking Spaces: 9.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 3578.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7049.00
  • Lot Size Acres: 0.1618

Multi Family

  • Gross Income: 91740.00
  • Gross Multiplier: 24.53
  • Gross Scheduled Income: 91740.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 7049.0000 Square Feet
  • Maintenance Expense: 3550.00
  • Net Operating Income: 50966.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 38939.00
  • Rent Control: Yes
  • Total Actual Rent: 91740.00
  • Total Expenses: 38939.00

Tax Info

  • Tax Lot: 051

Range of Values:

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List Price
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
04/12/2024 04/12/24 Sold $1,900,000 -15.6% --
04/04/2024 04/04/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $2,250,000 -- --
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Melina Kalachian, CCIM

    Seller's Agent in 2024

    Melina Kalachian, CCIM

    Keller Williams Realty

    (818) 522-1900

    3 in this area

    13 Total Sales

    Melina Kalachian, CCIM
    Section Image
  • Vince Kalachian

    Seller Co-Listing Agent in 2024

    Vince Kalachian

    Keller Williams Realty

    (818) 631-8855

    3 in this area

    13 Total Sales

    Vince Kalachian
    Section Image
  • Suzy Seropian

    Buyer's Agent in 2024

    Suzy Seropian

    Pinnacle Estate Properties

    (818) 534-4573

    2 in this area

    47 Total Sales

    Suzy Seropian
    Section Image
See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-16696

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Glendale 91208 Verdugo Woodlands

1702 N Verdugo Rd, Glendale, CA

This home is located at 1702 N Verdugo Rd, Glendale, CA 91208 since 02 March 2024. This property was built in 1978. 1702 N Verdugo Rd is a home located in Los Angeles County with nearby schools including Verdugo Woodlands 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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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