$1,750,000

Estimated payment $9,946/month

Total Views 238
8 Beds
8 Baths
5,198 Sq Ft
$337 Price per Sq Ft

Highlights

  • 0.6 Acre Lot
  • Mountain View
  • Balcony
  • Verdugo Woodlands Elementary School Rated A-
  • Main Floor Primary Bedroom
  • 5-minute walk to Verdugo Park

About This Home

Welcome to 1860 Verdugo Loma Drive, a rare fourplex investment opportunity located in the prime North Glendale area. Situated on a generous 26,000+ square foot lot, this asset offers a total of 5,198 square feet of living space, with each spacious unit measuring 1,299.5 square feet. Each unit features two bedrooms and two bathrooms, delivering a comfortable and functional layout.

Built with mid-century charm, the property retains original architectural features visible both inside and out, including accent walls and fireplaces in the living areas. While all units currently share a common laundry room, they do not have washer/dryer inside. Each unit has a one-car covered garage and one open parking space.

Currently, two units on the lower level are available for rent, while the two upstairs units are occupied at below-market rents of $1,400 and $1,600 monthly. Notably, one tenant has been in residence for 30 years, and another for over 10 years, providing a stable rental history.

Photos shared in this listing showcase Unit A, which is somewhat dated but in excellent condition, and Unit B, which is well-maintained but shows more signs of age. Units C and D are in a different condition and are not featured in the photos at this time. We kindly request that prospective buyers respect the privacy of current tenants and refrain from contacting them directly.

Though the property has solid structural bones, it does require deferred maintenance and updates. These conditions are subject to buyer’s inspection and verification. However, the property will be sold as-is, with no credit to be provided.

With its excellent location, generous lot size, charming character, and significant upside potential through renovation, this fourplex represents a compelling opportunity for investors seeking to add value in a highly desirable Glendale neighborhood.

Listing Agent

Andre Saroughian

JAMIL ALAM, BROKER Brokerage Phone: 619-206-9494 License #01392806 Listed on: 08/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,372

Year Built

  • Built in 1957

Lot Details

  • 0.6 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Quadruplex

Interior Spaces

  • 5,198 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Built-In Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • 8 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Source of electricity is unknown
  • Natural Gas Connected
  • Septic Type Unknown
  • Phone Available

Additional Features

  • Balcony
  • Urban Location

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 16715
  • Assessor Parcel Number 5652010041

Community Details

Building Details

  • 2 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $12,500
  • Operating Expense $32,300
  • Net Operating Income $4,200

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,372

Year Built

Built in 1957

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 437500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5652010041
  • Year Built: 1957
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony
  • Stories: 2
  • Entry Location: Ground floor and second floor
  • Common Walls: 2+ Common Walls
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Entry Level: 2
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 336.67
  • Room Type: Family Room, Kitchen, Main Floor Bedroom, Main Floor Primary Bedroom

Exterior Features

  • View: Mountain(s), Neighborhood
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher
  • Electric: Electricity - Unknown
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Unknown
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 26330.00
  • Lot Size Acres: 0.6045

Multi Family

  • Average2 Bed Area: 1299 Square Feet
  • Gross Scheduled Income: 36500.00
  • Insurance Expense: 12500.00
  • Lot Size Area: 26330.0000 Square Feet
  • Net Operating Income: 4200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 32300.00
  • Rent Control: Yes
  • Total Actual Rent: 2900.00
  • Total Expenses: 32300.00

Tax Info

  • Tax Lot: 15
  • Tax Tract Number: 16715

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $4,372 $338,041 $159,342 $178,699
2024 $4,372 $331,414 $156,218 $175,196
2023 $4,288 $324,916 $153,155 $171,761
2022 $4,218 $318,546 $150,152 $168,394
2021 $4,122 $312,301 $147,208 $165,093
2020 $4,067 $309,100 $145,699 $163,401
2019 $3,984 $303,041 $142,843 $160,198
2018 $3,726 $297,100 $140,043 $157,057
2016 $3,505 $285,565 $134,606 $150,959
2015 $3,442 $281,277 $132,585 $148,692
2014 $3,450 $275,768 $129,988 $145,780
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 For Sale $1,750,000 -- $337 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25178588

California Regional Multiple Listing Service (CRMLS)

APN: 5652-010-041