NOT LISTED FOR SALE

1704 N Verdugo Rd Glendale, CA 91208

Verdugo Woodlands Neighborhood

Estimated Value: $1,319,000 - $1,383,000

4 Beds
3 Baths
2,389 Sq Ft
$563/Sq Ft Est. Value

Last Sold April 12, 2024

Last sale price $1,300,000 $544 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,589/month

35 Days on Market

Highlights

  • No Units Above
  • Fireplace
  • Laundry Room
  • Verdugo Woodlands Elementary School Rated A-
  • Cooling Available
  • Bungalow

About This Home

As of April 2024

A Rare opportunity! First time on the market after48 years. Welcome to the charming Verdugo Woodlands area in Glendale! This exquisite 3-unit property is a rare gem, offering a unique opportunity for discerning buyers. The property features a standalone 2+2 unit over 3 car garages with Central A/C and a private yard. Additionally, there are two large 1+1 units with fireplace that add to the versatility and potential rental income. Meticulously maintained, this bungalow-style property features newer windows, and newer roof. It's an ideal investment in this sought-after neighborhood with great rental upside. Located just a few blocks away from Glendale Community College, this property provides incredible rental upside. Additionally, there is an exciting opportunity to combine this property with the adjacent 5-Unit property currently on the market for $2,250,000.Don't miss out on this exceptional opportunity!

Last Agent to Sell the Property

Melina Kalachian, CCIM

Keller Williams Realty Brokerage Phone: (818) 522-1900 License #01877904 Listed on: 03/01/2024

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

Est. Annual Taxes

  • $1,932

Year Built

  • Built in 1957

Lot Details

  • 7,619 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Fenced

Parking

  • 3 Car Garage
  • 5 Carport Spaces
  • Parking Available

Home Design

  • Triplex
  • Bungalow
  • Split Level Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Cooling Available
  • Heating Available
  • Gas Water Heater

Additional Features

  • Fireplace
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 034
  • Assessor Parcel Number 5652011034

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Water Sewer Expense $1,109
  • Operating Expense $20,204
  • Gross Income $96,000
  • Net Operating Income $74,464

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,932

Year Built

Built in 1957

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 5.52
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1109.00
  • Architectural Style: Bungalow
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5652011034
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Unfurnished
  • Common Walls: 1 Common Wall, No One Below, No One Above
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Levels: Multi/Split

Exterior Features

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

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7619.00
  • Lot Size Acres: 0.1749

Multi Family

  • Gross Income: 96000.00
  • Gross Scheduled Income: 96000.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7619.0000 Square Feet
  • Net Operating Income: 74464.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 20204.00
  • Rent Control: Yes
  • Total Actual Rent: 54420.00
  • Total Expenses: 20204.00

Tax Info

  • Tax Lot: 034

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Apr 11, 2024
Sold by
Arakelian Viviane M
Bought by
Arakelian Zaven
Seller's Agent
Melina Kalachian, CCIM
Keller Williams Realty
Buyer's Agent
Suzy Seropian
Pinnacle Estate Properties
List Price
$1,350,000
Sold Price
$1,300,000
Premium/Discount to List
-$50,000
-3.7%
Views
51
Current Estimated Value
$1,345,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,000
Avg. Annual Appreciation
1.58%

Purchase Details

Listed on
Mar 1, 2024
Closed on
Apr 4, 2024
Sold by
John James Paneno Trust and John James Paneno 1989 Trust
Bought by
Arakelian Zaven
Seller's Agent
Melina Kalachian, CCIM
Keller Williams Realty
Buyer's Agent
Suzy Seropian
Pinnacle Estate Properties
List Price
$1,350,000
Sold Price
$1,300,000
Premium/Discount to List
-$50,000
-3.7%
Views
51

Purchase Details

Closed on
Jul 17, 2003
Sold by
Paneno John James and The John James Paneno 1989 Tru
Bought by
Paneno John James and Paneno Tania Rhea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Arakelian Zaven -- First American Title
Arakelian Zaven $3,200,000 First American Title
Paneno John James -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paneno John James $207,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2024 04/12/24 Sold $1,300,000 -3.7% $544 / Sq Ft
04/04/2024 04/04/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $1,350,000 -- $565 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $1,932 $1,326,000 $928,200 $397,800
2024 $1,932 $143,179 $90,301 $52,878
2023 $1,896 $140,373 $88,531 $51,842
2022 $1,863 $137,622 $86,796 $50,826
2021 $1,821 $134,925 $85,095 $49,830
2020 $1,795 $133,543 $84,223 $49,320
2019 $1,759 $130,925 $82,572 $48,353
2018 $1,625 $128,358 $80,953 $47,405
2016 $1,525 $123,375 $77,810 $45,565
2015 $1,498 $121,523 $76,642 $44,881
2014 $1,508 $119,143 $75,141 $44,002
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

    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

    Section Image
  • Suzy Seropian

    Buyer's Agent in 2024

    Suzy Seropian

    Pinnacle Estate Properties

    (818) 534-4573

    2 in this area

    48 Total Sales

    Section Image
See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-16691

Pasadena-Foothills Association of REALTORS®

APN: 5652-011-034

California Los Angeles County Glendale 91208 Verdugo Woodlands

1704 N Verdugo Rd, Glendale, CA

This home is located at 1704 N Verdugo Rd, Glendale, CA 91208 since 01 March 2024 and is currently estimated at $1,345,000, approximately $562 per square foot. This property was built in 1957. 1704 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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